Throughout the last three months, 13 analysts have evaluated BlackRock BLK, offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 7 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 4 | 4 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated BlackRock and provided 12-month price targets. The average target is $941.77, accompanied by a high estimate of $1036.00 and a low estimate of $837.00. This upward trend is apparent, with the current average reflecting a 1.36% increase from the previous average price target of $929.17.
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 |
|---|---|---|---|---|---|
| Glenn Schorr | Evercore ISI Group | Raises | Outperform | $945.00 | $920.00 |
| Benjamin Budish | Barclays | Announces | Overweight | $985.00 | - |
| Brian Bedell | Deutsche Bank | Raises | Buy | $937.00 | $912.00 |
| William Katz | Citigroup | Raises | Buy | $930.00 | $920.00 |
| Brian Bedell | Deutsche Bank | Lowers | Buy | $912.00 | $924.00 |
| Glenn Schorr | Evercore ISI Group | Raises | Outperform | $920.00 | $910.00 |
| Stephen Biggar | Argus Research | Raises | Buy | $910.00 | $880.00 |
| Mike Cyprys | Morgan Stanley | Raises | Overweight | $1036.00 | $1013.00 |
| Aidan Hall | Keefe, Bruyette & Woods | Raises | Outperform | $934.00 | $915.00 |
| Mike Cyprys | Morgan Stanley | Lowers | Overweight | $1013.00 | $1025.00 |
| Brennan Hawken | UBS | Lowers | Neutral | $837.00 | $842.00 |
| Bill Katz | TD Cowen | Lowers | Buy | $969.00 | $974.00 |
| Aidan Hall | Keefe, Bruyette & Woods | Maintains | Outperform | $915.00 | $915.00 |
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 gauge the dynamics of price targets, providing estimates for the future value of BlackRock's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into BlackRock's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on BlackRock analyst ratings.
About BlackRock
BlackRock is the largest asset manager in the world, with $10.646 trillion in assets under management at the end of June 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multiasset classes, 7% 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 geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.
BlackRock: Delving into Financials
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Positive Revenue Trend: Examining BlackRock's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 7.66% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: BlackRock's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 31.11%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.75%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): BlackRock's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.2%, the company may face hurdles in achieving optimal financial performance.
Debt Management: BlackRock's debt-to-equity ratio is below the industry average. With a ratio of 0.29, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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