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.
A number of analysts gave price targets for BLK. The most optimistic analyst gave a price target of 551, which equates to a potential upside of 29.49 percent. The most pessimistic analyst gave a price target of 425, implying a possible loss 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. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.94 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.74 percent, compared to last month. 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. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts revised their estimates downwards. Also over the last month, 5 analysts increased their estimates for the FY earnings, compared to 4 analysts that revised their FY estimates downwards.
The growth rate of BLK's earnings is estimated by analysts to be 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 that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, 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. Currently the stock is 26.32 percent higher than its low, and 3.91 percent below the 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 stock has a market capitalization of $70.19 billion. BLK's next earnings release will be on 0000-00-00, which is days away.