Analyst Remains on the Sidelines of Financial Giant BlackRock, Inc. (BLK)
Jefferies analyst Daniel Fannon reiterated a Hold rating on BlackRock, Inc. (NYSE:BLK) on July 1 and set a price target of $359. The company’s shares closed last Friday at $341.28. In its last earning’s report, BlackRock reported EPS of $4.25, missing their expected EPS of $4.29 by $0.04. During the same period one year prior, the company reported EPS of $4.89. Year over year, BlackRock’s revenues have fallen by approximately 3.6%
According to TipRanks.com, Fannon is a 5-star analyst with an average return of 8.5% and a 61.8% success rate. Fannon covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Gain Capital Holdings, and Affiliated Managers.
Blackrock Inc has an analyst consensus of Strong Buy, with a price target consensus of $384.50