BlackRock Inc. Hits New 52-Week High at $326.00 (BLK)
Shares of BlackRock (NYSE:BLK) hit a new 52-week high during trading hours on Thursday, Analyst Ratings Network.com reports. The company traded as high as $326.00 and last traded at $318.64, with a volume of 1,218,464 shares trading hands. The stock had previously closed at $312.75.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of BlackRock from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 10th. They noted that the move was a valuation call. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of BlackRock from $310.00 to $342.00 in a research note to investors on Friday, January 10th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of BlackRock in a research note to investors on Tuesday, November 19th. They now have a $319.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $291.92.
BlackRock has a one year low of $227.00 and a one year high of $323.00. The stock has a 50-day moving average of $307.9 and a 200-day moving average of $287.1. The company has a market cap of $53.937 billion and a price-to-earnings ratio of 19.61.
BlackRock (NYSE:BLK) last announced its earnings results on Thursday, January 16th. The company reported $4.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.34 by $0.58. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the company posted $3.96 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that BlackRock will post $16.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 24th. Stockholders of record on Friday, March 7th will be paid a dividend of 1.93 per share. This represents a $7.72 annualized dividend and a dividend yield of 2.49%.
BlackRock, Inc (NYSE:BLK) is an investment management firm.
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