BlackRock (NYSE:BLK) Rating Reaffirmed
New York: In analysts note released on Tuesday, 1 December, Argus has decided to reaffirm their “Buy” rating on BlackRock (NYSE:BLK) shares. They now have a $400.0 PT on the company. Argus’s target could mean a potential upside of 9.97% from the company’s previous close.
From a total of 17 analysts covering BlackRock (NYSE:BLK) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is $438 while the lowest target price is $330. The mean of all analyst targets is $378.65 with a 3.19% above today’s ($361.56) stock price. BlackRock was the topic of 22 analyst reports since August 26, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on December 1 with “Buy” rating. Gabelli upgraded shares to “Buy” rating and $362 target share price in a report from a September 16. RBC Capital Markets maintained BLK stock in a recent report from October 15 with “Outperform” rating. Wood maintained the rating on September 3. Wood has a “Outperform” rating and a $360 price target on shares. Finally, UBS upgraded the stock to “Buy” rating in a report issued on an October 2.
Approximately 446,664 shares of stock traded hands. BlackRock, Inc. (NYSE:BLK) has declined 3.74% since April 28, 2015 and is downtrending. It has underperformed by 2.12% the S&P500.
BlackRock, Inc. is an investment management firm. The company has a market cap of $58.42 billion. The Firm provides investment and risk management services to institutional and retail clients across the world. It has 18.58 P/E ratio. The Company’s product offerings include single- and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.
According to Zacks Investment Research, “BlackRock, Inc. is one of the largest investment management firms in the United States. The company offers a variety of investment products to institutional and individual investors in the U.S. and internationally. The company also offers a variety of risk management services to large institutional fixed income investors.” Get a free copy of the Zacks research report on BlackRock, Inc. (BLK)