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BlackRock Manages Strong Growth in 1Q17 on New Flows, ETFs

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Part 8
BlackRock Manages Strong Growth in 1Q17 on New Flows, ETFs PART 8 OF 8

BlackRock’s Analyst Ratings Suggest Relative Outperformance

Analysts’ ratings for BlackRock

In April 2017, ten out of the 14 analysts (or ~71.4%) covering BlackRock (BLK) have rated it as a “buy” or a “hold.” The stock’s mean price target has risen marginally to $432.91 per share, implying a 14.8% rise from its current level.

The company’s ratings have remained stable over the past three months, mainly due to steady flows to its ETFs and index funds. Compared to January 2017, only two analysts no longer cover the stock, and both have previously given it “buy” ratings.

BlackRock&#8217;s Analyst Ratings Suggest Relative Outperformance

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Relative outperformance

Six out of 19 analysts, forming ~31.5%, have given State Street (STT) “buy” or “strong buy” ratings, reflecting relatively weak upside potential for the stock. Another 12 analysts have rated the stock as a “hold,” and one analyst has rated it as an “underperform.”  

Five out of 15 analysts, forming ~33.3%, have given T. Rowe Price Group (TROW) “buy” or “strong buy” ratings, eight analysts have given it “hold” ratings, and two analysts have given it “underperform” ratings. 

For Bank of New York Mellon (BK), eight out of 19 analysts have recommended “buys” or “strong buys,” and ten have recommended “holds.”

Together, BlackRock’s competitors account for 8.7% of the Vanguard Financials ETF (VFH).

For more details on BlackRock, check out Market Realist’s BlackRock – the biggest asset manager in the world.

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