BlackRock Price Target Increased to $374.00 by Analysts at Susquehanna (BLK)
Research analysts at Susquehanna increased their target price on shares of BlackRock (NYSE:BLK) from $360.00 to $374.00 in a report released on Thursday. The firm currently has a “positive” rating on the stock. Susquehanna’s target price points to a potential upside of 18.39% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of BlackRock from $354.00 to $366.50 in a research note on Tuesday, July 1st. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. BlackRock has an average rating of “Buy” and an average target price of $346.15.
Shares of BlackRock (NYSE:BLK) traded down 1.58% on Thursday, hitting $315.90. 538,882 shares of the company’s stock traded hands. BlackRock has a 52-week low of $257.19 and a 52-week high of $326.00. The stock has a 50-day moving average of $313.2 and a 200-day moving average of $307.2. The company has a market cap of $53.431 billion and a P/E ratio of 18.18.
BlackRock (NYSE:BLK) last posted its quarterly 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. On average, analysts predict that BlackRock will post $18.64 earnings per share for the current fiscal year.
BlackRock, Inc (NYSE:BLK) is an investment management firm.
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