BlackRock Given Buy Rating at TheStreet (BLK)
“BlackRock (BLK) has been reiterated by TheStreet Ratings as a buy with a ratings score of A . The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
,” the firm’s analyst commented.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a neutral rating on shares of BlackRock in a research note to investors on Tuesday, February 26th. They now have a $248.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a buy rating on shares of BlackRock in a research note to investors on Friday, January 18th. They now have a $260.00 price target on the stock, up previously from $250.00. Finally, analysts at Credit Suisse raised their price target on shares of BlackRock to $230.00 in a research note to investors on Friday, January 18th. They now have a neutral rating on the stock.
Thirteen analysts have rated the stock with a buy rating, two have assigned an overweight rating, and seven have issued a hold rating to the company. The company has an average rating of overweight and an average price target of $251.06.
Shares of BlackRock traded up 1.39% during mid-day trading on Monday, hitting $247.79. BlackRock has a one year low of $160.25 and a one year high of $247.00. The stock’s 50-day moving average is currently $237.4. The company has a market cap of $42.425 billion and a P/E ratio of 17.72.
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