Analysts Poring Over the Numbers on BlackRock, Inc. (NYSE:BLK)

BlackRock, Inc. (NYSE:BLK) currently has an Average Broker Rating of 1.45. This number is based on the 10 sell-side firms polled by Zacks. The ABR rank within the industry stands at 213.   

Analysts on a consensus basis are expecting that the stock will reach $519.38 within the year.  The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. 

Research analysts study publicly traded companies and make recommendations on the securities of those companies. Most specialize in a particular industry or sector of the economy. They exert considerable influence in today’s marketplace. Analysts’ recommendations or reports can influence the price of a company’s stock—especially when the recommendations are widely disseminated through television appearances or through other electronic and print media. The mere mention of a company by a popular analyst can temporarily cause its stock to rise or fall—even when nothing about the company’s prospects or fundamentals has recently changed.

Analysts often use a variety of terms—buy, strong buy, near-term or long-term accumulate, near-term or long-term over-perform or under-perform, neutral, hold—to describe their recommendations. But the meanings of these terms can differ from firm to firm. Rather than make assumptions, investors should carefully read the definitions of all ratings used in each research report. They should also consider the firm’s disclosures regarding what percentage of all ratings fall into either “buy,” “hold/neutral,” and “sell” categories.

Investors looking to secure stock market profits may be tweaking an existing strategy or looking to devise a brand new one. As the stock market keeps charging higher, investors will have to figure out how they want to play the next few months. Identifying market tops and possible correction levels may be very tricky. With the markets trading at current levels, the situation for the average investor may be widely varied. Some investors will be trading with a shorter-term plan, while others may be focused on a longer-term investment time frame. There are many financial professionals who are predicting a sharp reversal in the stock market, but there are also those who believe that the upswing will keep pushing stocks higher over the coming months. Investors will need to decide for themselves which way they think the momentum is going to swing and prepare accordingly.

Most recently BlackRock, Inc. (NYSE:BLK) posted quarterly earnings of $5.92 which compared to the sell-side estimates of 5.6. The stock’s 12-month trailing earnings per share stands at $21.55. Shares have moved $6.93 over the past month and more recently, $1.06 over the past week heading into the earnings announcement. There are 7 analyst projections that were taken into consideration from respected brokerage firms.

Buy Ratings
8 analysts rate BlackRock, Inc. a Buy or Strong Buy, which is 80% of all the analyst ratings.

Research analysts are predicting that BlackRock, Inc. (NYSE:BLK) will report earnings of $5.93 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

BlackRock, Inc. (NYSE:BLK) closed the last session at $512.12 and sees an average of 490849.94 shares trade hands in each session. The 52-week low of the stock stands at $371.64 while the current level stands at 95.42% of the 52-week High-Low range. Looking further out we can see that the stock has moved 14.8% over the past 12 weeks and 34.58% year to date.

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.