BlackRock Given Average Recommendation of “Buy” by Brokerages (NYSE:BLK)
Shares of BlackRock (NYSE:BLK) have been given a consensus recommendation of “Buy” by the fourteen ratings firms that are presently covering the stock, ARN reports. Five research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $337.75.
BlackRock (NYSE:BLK) traded down 0.04% during mid-day trading on Friday, hitting $300.45. 28,780 shares of the company’s stock traded hands. BlackRock has a 52 week low of $240.60 and a 52 week high of $326.00. The stock has a 50-day moving average of $302.3 and a 200-day moving average of $304.3. The company has a market cap of $50.818 billion and a price-to-earnings ratio of 17.03.
BlackRock (NYSE:BLK) last issued its quarterly earnings data on Thursday, April 17th. The company reported $4.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.15 by $0.28. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the company posted $3.65 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that BlackRock will post $18.46 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of BlackRock in a research note on Monday. They now have a $312.00 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of BlackRock in a research note on Thursday, May 15th. They set a “buy” rating and a $358.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of BlackRock in a research note on Monday, April 21st. They now have a $315.00 price target on the stock.
BlackRock, Inc (NYSE:BLK) is an investment management firm.
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