During the last three months, 7 analysts shared their evaluations of BlackRock BLK, revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 2 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $804.0, a high estimate of $897.00, and a low estimate of $708.00. This upward trend is apparent, with the current average reflecting a 8.09% increase from the previous average price target of $743.80.
Understanding Analyst Ratings: A Comprehensive Breakdown
A comprehensive examination of how financial experts perceive BlackRock is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brennan Hawken | UBS | Raises | Neutral | $818.00 | $720.00 |
| Bill Katz | TD Cowen | Announces | Market Perform | $819.00 | - |
| Kenneth Worthington | JP Morgan | Maintains | Neutral | $708.00 | $708.00 |
| Arnaud Giblat | Exane BNP Paribas | Announces | Outperform | $885.00 | - |
| Alexander Blostein | Goldman Sachs | Raises | Buy | $793.00 | $719.00 |
| Kenneth Worthington | JP Morgan | Lowers | Overweight | $708.00 | $736.00 |
| Mike Cyprys | Morgan Stanley | Raises | Overweight | $897.00 | $836.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to BlackRock. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of BlackRock compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of BlackRock's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of BlackRock's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on BlackRock analyst ratings.
About BlackRock
BlackRock is the largest asset manager in the world, with $9.101 trillion in AUM at the end of September 2023. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 28% in fixed income, 9% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
Financial Insights: BlackRock
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, BlackRock showcased positive performance, achieving a revenue growth rate of 4.89% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: BlackRock's net margin excels beyond industry benchmarks, reaching 35.47%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): BlackRock's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 4.18%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): BlackRock's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.33%, the company may face hurdles in achieving optimal financial returns.
Debt Management: BlackRock's debt-to-equity ratio is below the industry average at 0.25, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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