BlackRock (NYSE:BLK) hit a new 52-week high Wednesday as it is currently trading at $247.57, above its previous 52-week high of $247 with 198,384 shares traded as of 10 a.m. ET. Average volume has been 806,700 shares over the past 30 days.
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 Wednesday as it is currently trading at $247.57, above its previous 52-week high of $247 with 198,384 shares traded as of 10 a.m. ET. Average volume has been 806,700 shares over the past 30 days. BlackRock has a market cap of $41.01 billion and is part of the financial sector and financial services industry. Shares are up 18.2% year to date as of the close of trading on Tuesday. 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 17.5, 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 revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full BlackRock Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.