BlackRock’s Buy Rating Reaffirmed at Deutsche Bank (BLK)
BlackRock (NYSE:BLK)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Monday. They currently have a $363.00 target price on the stock, up from their previous target price of $358.00. Deutsche Bank’s price target indicates a potential upside of 12.29% from the stock’s previous close.
A number of other analysts have also recently weighed in on BLK. Analysts at Susquehanna raised their price target on shares of BlackRock from $360.00 to $374.00 in a research note on Thursday. They now have a “positive” rating on the stock. Separately, 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. 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $346.65.
Shares of BlackRock (NYSE:BLK) traded up 1.71% during mid-day trading on Monday, hitting $323.26. The stock had a trading volume of 650,669 shares. 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 $313.7 and a 200-day moving average of $307.2. The company has a market cap of $54.676 billion and a price-to-earnings ratio of 18.00.
BlackRock (NYSE:BLK) last released its earnings data on Thursday, April 17th. The company reported $4.43 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $3.65 earnings per share. BlackRock’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that BlackRock will post $18.65 EPS for the current fiscal year.
BlackRock, Inc (NYSE:BLK) is an investment management firm.
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