Birdlkportfolio
BlackRock shares were on track for their 11th consecutive session of gains on Wednesday, gaining about 11% during that period.
The asset management company rose 1.65% to $749.14 by early afternoon, hovering near its July highs. Overall, shares have climbed about 5% since the start of the year.
November has been a favorable month for the company with 16 sessions in green and four sessions in red.
Looking at Seeking Alpha’s Quant Rating, BlackRock has a Hold rating with a score of 3.42 out of 5. The New York-based company receives an A- for profitability and a B+ for momentum, while, its growth and valuation prospects have been graded a C and D-, respectively.
Turning to the Wall Street community, eight analysts give BLK a Strong Buy, while five are Buy on the stock. About three analysts have given the stock a Hold recommendation.
Seeking Alpha analysts generally see the stock as a Buy. SA Analyst Blue Chip Portfolios endorses the asset management company as a strong buy due to competitive advantages and valuation.
“BLK is well-positioned for future growth due to rising asset prices, market share gains, and its leading position in the ETF business,” said Blue Chip Portfolios.