Blackrock Inc (NYSE: BLK) has reported E.P.S. of $10.58 for its first fiscal quarter (ending March 31) versus $7.72 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $39.71 versus $32.56 for the same period a year ago.
Recent Price Action
Blackrock Inc (NYSE: BLK) stock closed at $763.40 on 4/12/24 after a decline of -2.9%. Moreover, exceptionally high trading volume at 238% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -3.6% during the last week.
Current PriceTarget Research Rating
BLK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
BlackRock has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. BlackRock has a poor Appreciation Score of 27 but a very high Power Rating of 88, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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