Rosenblatt Securities analyst Kenneth Hill maintained a Buy rating on Tradeweb Markets (TW – Research Report) on April 3 and set a price target of $56.00. The company’s shares closed last Friday at $45.44.
According to TipRanks.com, Hill is a 5-star analyst with an average return of 7.4% and a 58.6% success rate. Hill covers the Financial sector, focusing on stocks such as Intercontinental Exchange, SEI Investments Company, and Marketaxess Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tradeweb Markets with a $51.50 average price target, implying an 11.4% upside from current levels. In a report issued on March 23, Merrill Lynch also maintained a Buy rating on the stock with a $44.00 price target.
Tradeweb Markets’ market cap is currently $10.2B and has a P/E ratio of 59.00. The company has a Price to Book ratio of -13.23.
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Tradeweb Markets, Inc. engages in the operation of electronic marketplaces for the trading of products across the rates, credit, money markets, and equities asset classes. It also provides related pre-trade pricing and post-trade processing services. Its network is comprised of clients across the institutional, wholesale, and retail client sectors, including global asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms and retail brokerage and financial advisory firms, as well as regional dealers. The company was founded by Lee Olesky in 1996 and is headquartered in New York, NY.