Trade-Ideas: BlackRock (BLK) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified BlackRock ( BLK) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified BlackRock as such a stock due to the following factors:

  • BLK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $312.7 million.
  • BLK has traded 362,302 shares today.
  • BLK is trading at a new lifetime high.

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More details on BLK:

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. The stock currently has a dividend yield of 2.5%. BLK has a PE ratio of 17.7. Currently there are 7 analysts that rate BlackRock a buy, no analysts rate it a sell, and 9 rate it a hold.

The average volume for BlackRock has been 650,000 shares per day over the past 30 days. BlackRock has a market cap of $45.8 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.34 and a short float of 1.1% with 1.40 days to cover. Shares are up 31.8% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant 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, impressive record of earnings per share growth, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 9.1%. Since the same quarter one year prior, revenues slightly increased by 6.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 57.83% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, BLK should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • BLACKROCK INC has improved earnings per share by 15.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BLACKROCK INC increased its bottom line by earning $13.80 versus $12.38 in the prior year. This year, the market expects an improvement in earnings ($16.01 versus $13.80).
  • Net operating cash flow has slightly increased to $1,070.00 million or 4.79% when compared to the same quarter last year. In addition, BLACKROCK INC has also vastly surpassed the industry average cash flow growth rate of -49.90%.
  • 39.08% is the gross profit margin for BLACKROCK INC which we consider to be strong. Regardless of BLK's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, BLK's net profit margin of 29.53% significantly outperformed against the industry.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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