BlackRock (NYSE:BLK) hit a new 52-week high Tuesday as it is currently trading at $292.36, above its previous 52-week high of $291.82 with 45,628 shares traded as of 9:40 a.m. ET. Average volume has been 736,800 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 Tuesday as it is currently trading at $292.36, above its previous 52-week high of $291.82 with 45,628 shares traded as of 9:40 a.m. ET. Average volume has been 736,800 shares over the past 30 days. BlackRock has a market cap of $49.08 billion and is part of the financial sector and financial services industry. Shares are up 40.8% year to date as of the close of trading on Monday. 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 20.4, above 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, increase in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full BlackRock Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.