BlackRock Stock Hits New 52-Week High (BLK)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- BlackRock (NYSE: BLK) hit a new 52-week high Tuesday as it is currently trading at $235.57, above its previous 52-week high of $234.46 with 671,921 shares traded as of 12:36 p.m. ET. Average volume has been 729,500 shares over the past 30 days.

BlackRock has a market cap of $40.81 billion and is part of the financial sector and financial services industry. Shares are up 13.2% year to date as of the close of trading on Friday.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. The company has a P/E ratio of 17, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full BlackRock Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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