BlackRock Now Covered by ISI Group (BLK)
Investment analysts at ISI Group initiated coverage on shares of BlackRock (NYSE:BLK) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on BLK. Analysts at UBS AG downgraded shares of BlackRock from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $280.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BlackRock in a research note to investors on Wednesday, August 21st. They now have a $280.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of BlackRock to $285.00 in a research note to investors on Wednesday, August 7th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. BlackRock has an average rating of “Hold” and a consensus target price of $280.83.
Shares of BlackRock (NYSE:BLK) opened at 267.19 on Tuesday. BlackRock has a 52-week low of $183.26 and a 52-week high of $298.14. The stock has a 50-day moving average of $268.1 and a 200-day moving average of $269.. The company has a market cap of $45.498 billion and a price-to-earnings ratio of 17.35.
BlackRock (NYSE:BLK) last announced its earnings results on Thursday, July 18th. The company reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.28. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company posted $3.10 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts predict that BlackRock will post $16.00 earnings per share for the current fiscal year.
BlackRock, Inc (NYSE:BLK) is an investment management firm.
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