BlackRock
BLK
Delayed Nyse - 09/19 10:02:02 pm
483.54USD
+2.4%

Hesitation should subside in favor of volatility

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David Meurisse
Contributor / Partner

Strategy published on : 04/12/2018 | 14:24

long trade
Stop-loss triggered

Entry price : 529$
Target : 577$
Stop-loss : 509$
Potential : 9.07%

The price of BlackRock shares is range-bound. This phase will end sooner or later when volatility comes back.
Investors have an opportunity to buy the stock and target the $ 577.

Strengths

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.

● The group usually releases upbeat results with huge surprise rates.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The stock is in a well-established, long-term rising trend above the technical support level at 479.11 USD


Weaknesses

● For the past seven days, analysts have been lowering their EPS expectations for the company.

Zonebourse.com 2018
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