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 maximum price target given was 551, which equates to a potential upside of 29.49 percent. The most pessimistic price target was 425, which equates to a potential downside of -0.12 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 1.57 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.01 percent.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts made negative revisions. Also over the last month, 5 analysts increased their estimates for the FY earnings, while 4 analysts made negative revisions to their fiscal year's estimates.
BLK has an estimated earnings growth rate of 3.76 percent as forecasted by analysts. People on Wall Street often look at a company's 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, but many choose to perform ratio comparisons with other companies in the industry. BLK has a PEG ratio of 5.43.
In the trailing 52-weeks, BLK hit 442.84 at the highest peak, while it's lowest trading point was 336.84. Today's price is 26.32 percent above the 52-week low, and below the high by 3.91 percent. BLK has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.