Credit Suisse Sticks to Its Buy Rating for Blackrock Inc

By Austin Angelo

In a report released yesterday, Craig Siegenthaler from Credit Suisse maintained a Buy rating on Blackrock Inc (NYSE: BLK), with a price target of $680. The company’s shares opened today at $552.70, close to its 52-week high of $554.68.

According to TipRanks.com, Siegenthaler is a 5-star analyst with an average return of 10.4% and a 72.3% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Virtus Investment Partners, and Huntington Bancshares Inc.

Blackrock Inc has an analyst consensus of Moderate Buy, with a price target consensus of $589.33.

Blackrock Inc’s market cap is currently $86.35B and has a P/E ratio of 25.18. The company has a book value ratio of 2.8744.

Based on the recent corporate insider activity of 126 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. The company was founded by Ralph L. Schlosstein, Susan L.