Morgan Stanley Keeps Their Buy Rating on Blackrock (BLK)

Morgan Stanley analyst Michael Cyprys maintained a Buy rating on Blackrock (BLKResearch Report) today and set a price target of $801.00. The company’s shares closed last Thursday at $614.41, close to its 52-week low of $575.60.

According to TipRanks.com, Cyprys is a 4-star analyst with an average return of 5.9% and a 54.8% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Virtus Investment Partners, and Intercontinental Exchange.

Blackrock has an analyst consensus of Strong Buy, with a price target consensus of $838.38, representing a 38.2% upside. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $710.00 price target.

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Blackrock’s market cap is currently $93.62B and has a P/E ratio of 15.53.

Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1988, New York-based BlackRock, Inc. is a global investment manager, and offers investment management, risk management, and advisory services for institutions, financial professionals and individuals.

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