BlackRock (BLK) Receives Analyst Rating

BlackRock (BLK) : Zacks Investment Research ranks BlackRock (BLK) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.79, which indicates as a Buy.

BlackRock (BLK) : The highest short term price target forecast on BlackRock (BLK) is $414 and the lowest target price is $357. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $383.5 with a standard deviation of $17.15.


Also, Equity Analysts at the Deutsche Bank maintains the rating on BlackRock (NYSE:BLK). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $404 per share to $414 per share. The rating by the firm was issued on September 9, 2016.

BlackRock (NYSE:BLK): After opening at $360.7, the stock dipped to an intraday low of $359.3519 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $366.86 and the buying power remained strong till the end. The stock closed at $365.5 for the day, a gain of 1.33% for the day session. The total traded volume was 592,479. The stocks close on the previous trading day was $360.7.

BlackRock, Inc. is an investment management firm. The Company provides investment and risk management services to institutional and retail clients across the world. Its product offerings include single- and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. Products are offered directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Company also offers its BlackRock Solutions investment and risk management technology platform, Aladdin, risk analytics and advisory services and solutions. It has $4.65 trillion of assets under management at December 31, 2014.

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