JPMorgan Chase initiated coverage on shares of BlackRock (NYSE: BLK)
BLK has been the subject of a number of other recent research reports. Analysts at Standpoint Research downgraded shares of BlackRock from a ?buy? rating to a ?hold? rating in a research note to investors on Thursday. Separately, analysts at Zacks reiterated a ?neutral? rating on shares of BlackRock in a research note to investors on Friday, December 7th. They now have a $203.00 price target on the stock. Finally, analysts at Nomura raised their price target on shares of BlackRock to $212.00 in a research note to investors on Thursday, October 18th.
BlackRock traded up 1.69% on Thursday, hitting $209.29. BlackRock has a 52-week low of $160.25 and a 52-week high of $209.43. The company has a market cap of $36.006 billion and a price-to-earnings ratio of 15.95.
BlackRock last posted its quarterly earnings results on Wednesday, October 17th. The company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $0.18. BlackRock?s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that BlackRock will post $13.39 earnings per share for the current fiscal year.
BlackRock, Inc. (BlackRock) is an independent investment management firm. The Company provides a range of investment and risk management services.