BLK stock has undergone multiple analysts rating changes in the recent past. BlackRock stock Target Raised by Citigroup Inc. on 10/14/2021. In a note to investors, the firm issued a new target price of $1,035.00. The analysts previously had $1,030.00 target price. Citigroup Inc.’s price target would indicate a potential upside of 19.27% from the stock’s previous close.
Shares of BlackRock traded up $3.65 on Wednesday, reaching $871.53. 92017 shares of the stock traded hands, compared to its average volume of 550741. On Wednesday, Shares of BlackRock closed at $871.53. The firm’s 50 day moving average is $893.90 and its 200 day moving average is $822.62.BlackRock has a 12 month low of $587.90 and a 12 month high of $959.89. While on yearly highs and lows, BlackRock today has traded high as $882.00 and has touched $867.32 on the downward trend.
BlackRock Earnings and What to expect:
BlackRock last issued its earnings results on October 12th, 2021. The asset manager reported $10.95 earnings per share for the quarter, beating the consensus estimate of $9.81 by $1.14. The firm earned $5.05 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Its revenue for the quarter was up 15.6% compared to the same quarter last year. BlackRock has generated $33.82 earnings per share over the last year ($35.58 diluted earnings per share) and currently has a price-to-earnings ratio of 24.4. Earnings for BlackRock are expected to grow by 13.91% in the coming year, from $38.24 to $43.56 per share.
Earnings for BlackRock are expected to grow by 13.91% in the coming year, from $38.24 to $43.56 per share. The P/E ratio of BlackRock is 24.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.32. The P/E ratio of BlackRock is 24.39, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 13.80. BlackRock has a PEG Ratio of 2.40. PEG Ratios above 1 indicate that a company could be overvalued. BlackRock has a P/B Ratio of 3.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
BlackRock (NYSE:BLK) Moving Average Technical Analysis
5 day Moving Average is $$846.10 And 5 day price change is $30.26 (3.61%) with average volume for 5 day average is 718,620. While technical analysis for average 20 days shows significant difference, 20 day moving average is $853.85 and 20 day price change is -$41.84 (-4.60%) and average 20 day moving volume is 625,550. 50 day moving average is $893.90 and 50 day price change is -$12.40 ( -1.41%) and with average volume for 50 days is : 477,552. 200 day moving average is $822.62 and 200 day price change is $157.63 (22.20%) and with average volume for 200 days is : 580,056.
Other owners latest trading in BLK :
- On 10/14/2021 shares held by Capital Asset Advisory Services LLC were 1,324 which equates to market value of $1.11M and appx 0.10% owners of BLK
- On 10/14/2021 shares held by Columbia Trust Co 01012016 were 2,880 which equates to market value of $2.42M and appx 1.30% owners of BLK
- On 10/13/2021 shares held by Crossmark Global Holdings Inc. were 3,132 which equates to market value of $0.56M and appx 0.10% owners of BLK
- In total Institutional ownership equates to Institutional Ownership Percentage: 78.13% for BLK
See More Analyst Rating at: RATING