BlackRock Receives Average Recommendation of “Buy” from Brokerages (NYSE:BLK)
Shares of BlackRock (NYSE:BLK) have been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the company, Stock Ratings Network reports. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $346.28.
Shares of BlackRock (NYSE:BLK) opened at 319.60 on Tuesday. BlackRock has a 52-week low of $253.00 and a 52-week high of $326.00. The stock has a 50-day moving average of $308.7 and a 200-day moving average of $306.4. The company has a market cap of $54.057 billion and a price-to-earnings ratio of 18.10.
BlackRock (NYSE:BLK) last announced its earnings results 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. Analysts expect that BlackRock will post $18.51 EPS for the current fiscal year.
A number of analysts have recently weighed in on BLK shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BlackRock in a research note on Wednesday, June 18th. They now have a $358.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of BlackRock in a research note on Wednesday, June 18th. They now have a $340.00 price target on the stock, up previously from $315.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of BlackRock in a research note on Monday, May 19th. They now have a $312.00 price target on the stock.
BlackRock, Inc (NYSE:BLK) is an investment management firm.
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