Standpoint Research Upgrades BlackRock to Buy (BLK)
BlackRock (NYSE: BLK) was upgraded by equities researchers at Standpoint Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $210.00 target price on the stock.
Shares of BlackRock opened at 183.17 on Friday. BlackRock has a one year low of $137.00 and a one year high of $209.37. The company has a market cap of $32.862 billion and a P/E ratio of 14.50.
BlackRock last issued its quarterly earnings data on Wednesday, April 18th. The company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts predict that BlackRock will post $3.35 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup (NYSE: C) cut their EPS estimates on shares of BlackRock in a research note on Thursday. They now have a “neutral” rating and a $201.00 price target on the stock. Separately, analysts at Credit Suisse (NYSE: CS) cut their price target on shares of BlackRock to $207.00 in a research note to investors on Thursday, April 19th. They now have a “neutral” rating on the stock. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of BlackRock in a research note to investors on Thursday, April 19th.
BlackRock, Inc. (BlackRock) is an independent investment management firm. The Company provides a range of investment and risk management services.