In a report released yesterday, Craig Siegenthaler from Credit Suisse maintained a Buy rating on Blackrock Inc (NYSE: BLK), with a price target of $682. The company’s shares closed yesterday at $551.86.
According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 9.2% and a 70.4% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Raymond James Financial, WisdomTree Investments, and Affiliated Managers.
Blackrock Inc has an analyst consensus of Moderate Buy, with a price target consensus of $618.
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Based on Blackrock Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.6 billion and net profit of $1.09 billion. In comparison, last year the company earned revenue of $2.88 billion and had a net profit of $862 million.
Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock.
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BlackRock, Inc. engages in the provision of investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments.
