Market Update (NYSE:BLK): BlackRock Introduces iShares Sustainable MSCI Global Impact ETF

[Business Wire] – BlackRock, Inc. has expanded its suite of socially responsible ETFs with the launch of the iShares Sustainable MSCI Global Impact ETF . Launched on Earth Day, the fund aims to help investors use their investment portfolios to target companies that enable positive social and environmental change. Read more on this. BlackRock, Inc. (BLK) , with a current market cap of $60.82B, opened at $365.16. Looking at today’s trading action, the company’s one day range from $364.09 to $369.21 with a one year range of $275.00 to $378.80. BLK shares are currently priced at 18.66x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.33x earnings multiple. The company pays shareholders $9.16 per share annually in dividends, yielding 2.51%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $4.84 per share, which would be $0.12 worse than the year-ago quarter and a $0.09 sequential increase. Investors should also note that the full-year EPS estimate of $19.51 is a $0.09 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.82 Billion. If reported, that would be a 2.76% decrease over the year-ago quarter. Recently, Citigroup upgraded BLK from Neutral to Buy (Apr 19, 2016). Previously, Gabelli & Co upgraded BLK from Hold to Buy. The average price target for BLK shares is $389.25, which is 6.60% above where the stock opened this morning. See more in (NYSE:BLK) Similar Articles: Market Update (NYSE:BLK): BlackRock Closes Transaction to Transfer $80 Billion of Client Assets from BofA® Global Capital Management Company Update (NYSE:BLK): BlackRock Announces Primary Listing Venue Changes for 11 iShares ETFs Market Update: BlackRock Inc (NYSE:BLK) – BlackRock broad-market iShares ETF becoming cheaper than Vanguard’s