Analyst Ratings for BlackRock Inc. (BLK)

Updated: 2017-07-28

Analysts covering BlackRock Inc. (NYSE:BLK) have given it a consensus rating of Overweight. About 30 days ago, BLK was issued an average rating of Overweight.

Of the 16 analysts covering the stock, 10 gave it a buy rating, 0 issued an overweight rating, 6 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. During this time, the number of analysts bearish on the stock has increased by 0.

Several price targets were given for BLK by the analysts covering the stock. The most optimistic price target was 551, implying potential capital gains of 29.49 percent. The most pessimistic analyst gave a price target of 425, which equates to a potential downside of -0.12 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.57 percent. The average change in earnings estimates over the last 90 days is 1.94 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.74 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 1.01 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 3 analysts increased their quarterly estimates, while 4 analysts made negative revisions. Also over the last month, 5 analysts increased their estimates for the FY earnings, while 4 analysts decreased their estimates.

Analysts estimate earnings of BLK to grow at a rate of 3.76 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. BLK has a PEG ratio of 5.43.

BLK has a 52-week high of 442.84 and a 52-week low of 336.84. The current market price is above the trailing year's low by 26.32 percent, and 3.91 percent lower than its 52-week high. BLK has a price/earnings ratio of 20.42. Investors typically compare the P/E ratio to a company's peers in the industry. The BLK value stock report compares BLK to some of its peers using value stock charts. The market cap of BLK is $70.19 billion. BLK will post this quarters earnings in days, on 0000-00-00.