At the time of writing, Blackrock Inc. [BLK] stock is trading at $922.71, up 2.01%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BLK shares have gain 5.20% over the last week, with a monthly amount glided 6.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Blackrock Inc. [NYSE: BLK] stock has seen the most recent analyst activity on September 12, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $1000. Previously, Barclays started tracking the stock with Overweight rating on August 27, 2024, and set its price target to $985. On January 16, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $938 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $708 on December 15, 2023. Exane BNP Paribas upgraded its rating to a Outperform but $885 remained the price target by the analyst firm on December 12, 2023. Keefe Bruyette upgraded its rating to Outperform for this stock on July 10, 2023, and upped its price target to $835. In a note dated July 03, 2023, JP Morgan reiterated an Overweight rating on this stock and revised its target price from $780 to $770.
For the past year, the stock price of Blackrock Inc. fluctuated between $596.18 and $908.88. Currently, Wall Street analysts expect the stock to reach $900.86 within the next 12 months. Blackrock Inc. [NYSE: BLK] shares were valued at $922.71 at the most recent close of the market. An investor can expect a potential drop of -2.37% based on the average BLK price forecast.
Analyzing the BLK fundamentals
According to Blackrock Inc. [NYSE:BLK], the company’s sales were 19.37B for trailing twelve months, which represents an 4.78% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.15 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 908.81 points at the first support level, and at 894.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 933.56, and for the 2nd resistance point, it is at 944.40.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.06, the price to book ratio is 3.41 and price to earnings (TTM) ratio is 22.91.
Transactions by insiders
Recent insider trading involved Wiedman Mark, Senior Managing Director, that happened on Aug 30 ’24 when 12000.0 shares were sold. Senior Managing Director, Kushel J. Richard completed a deal on Aug 29 ’24 to sell 14000.0 shares. Meanwhile, Officer Wiedman Mark bought 12000.0 shares on Aug 30 ’24.
