Headlines about BlackRock (NYSE:BLK) have trended very negative this week, InfoTrie reports. The research group identifies positive and negative press coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. BlackRock earned a media sentiment score of -3.80 on their scale. InfoTrie also gave media headlines about the asset manager an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted BlackRock’s analysis:
- Edited Transcript of BLK earnings conference call or presentation 15-Oct-19 12:30pm GMT (finance.yahoo.com)
- BlackRock profit slips 8% in Q3 (marketwatch.com)
- BlackRock EPS beats by $0.16, revenue in-line (seekingalpha.com)
- BlackRock quarterly profit drops 8% (reuters.com)
- BlackRock Q3 posts $84B net inflows (seekingalpha.com)
BlackRock stock opened at $446.40 on Thursday. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $67.08 billion, a P/E ratio of 16.58, a PEG ratio of 1.58 and a beta of 1.54. The stock’s 50 day moving average is $431.87 and its 200 day moving average is $447.10. BlackRock has a twelve month low of $360.79 and a twelve month high of $487.45.
BlackRock (NYSE:BLK) last posted its quarterly earnings results on Tuesday, October 15th. The asset manager reported $7.15 earnings per share for the quarter, topping the consensus estimate of $6.95 by $0.20. BlackRock had a return on equity of 13.24% and a net margin of 30.25%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the business posted $7.52 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts expect that BlackRock will post 27.38 EPS for the current year.
A number of research firms have weighed in on BLK. BMO Capital Markets began coverage on BlackRock in a report on Monday, October 7th. They set a “market perform” rating and a $547.00 target price on the stock. ValuEngine downgraded BlackRock from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. UBS Group upped their target price on BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Citigroup cut their price target on BlackRock from $545.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on BlackRock from $527.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $501.10.
BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.
Featured Story: What is a put option?
Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.