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Home โบ Stocks โบ BlackRock 2037 Municipal Target Term Trust (BMN) Stock Forecast & Price Prediction United States | NYSE | Financial Services | Asset Management
$26.39
+0.00 (0.00%)Did BMN Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if BlackRock Municipal Trust is one of their latest high-conviction picks.
BMN has shown a year-to-date change of 0.8% and a 1-year change of 3.7%, reflecting upward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for BMN. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for BMN.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Nov 22, 2022 | Credit Suisse | Underperform | Initiates | $N/A | |
| Nov 7, 2022 | Goldman Sachs | Sell | Maintains | $N/A | |
| Oct 31, 2022 | Jefferies | Buy | Maintains | $N/A | |
| Sep 13, 2022 | Keybanc | Overweight | Initiates | $N/A | |
| Sep 6, 2022 | B of A Securities | Buy | Initiates | $N/A | |
| Sep 1, 2022 | Citigroup | Neutral | Initiates | $N/A | |
| May 23, 2022 | Jefferies | Buy | Maintains | $N/A | |
| Dec 2, 2021 | Berenberg | Hold | Initiates | $N/A | |
| Aug 6, 2021 | JMP Securities | Market Outperform | Maintains | $N/A | |
| Aug 6, 2021 | RBC Capital | Outperform | Maintains | $N/A | |
| May 14, 2021 | Goldman Sachs | Sell | Initiates | $N/A | |
| Jan 15, 2021 | KeyBanc | Sector Weight | Initiates | $N/A | |
| Jul 31, 2020 | B of A Securities | Neutral | Downgrade | $N/A | |
| Jul 20, 2020 | Jefferies | Buy | Upgrade | $N/A | |
| May 15, 2020 | Citigroup | Buy | Initiates | $N/A | |
| May 8, 2020 | RBC Capital | Outperform | Maintains | $N/A | |
| Feb 21, 2020 | Deutsche Bank | Buy | Maintains | $N/A | |
| Feb 21, 2020 | RBC Capital | Outperform | Reiterates | $N/A | |
| Jan 10, 2020 | Jefferies | Hold | Downgrade | $N/A | |
| Oct 22, 2019 | Nomura | Buy | Upgrade | $N/A |
The following stocks are similar to BlackRock Municipal Trust based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
BlackRock 2037 Municipal Target Term Trust has a market capitalization of $162.24M with a P/E ratio of 263.9x. The company generates $4.16M in trailing twelve-month revenue with a 0.0% profit margin.
Revenue growth is +3.2% quarter-over-quarter, while maintaining an operating margin of 0.0% and return on equity of +2.5%.
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Invests in tax-exempt municipal securities.
The company operates as a closed-end fixed income fund that generates income through investments in high-quality municipal securities, primarily rated investment grade. By focusing on tax-exempt income, it appeals to investors looking for federally tax-free returns, and it plans to return principal to shareholders at the end of its term in 2037.
Managed by BlackRock Advisors, LLC, the fund emphasizes diversification across various municipal issuers and plays a crucial role in providing stable income for long-term financial planning. Launched in 2020, it distinguishes itself through its defined maturity structure, making it less like a perpetual fund.
BlackRock 2037 Municipal Target Term Trust (BMN) has priced $50 million in Variable Rate Demand Preferred Shares to increase leverage, aiming for potential accretive benefits.
The issuance of $50 million in Variable Rate Demand Preferred Shares by BlackRock enhances leverage for the fund, potentially increasing returns, which could attract investor interest and impact stock performance.
BlackRock 2037 Municipal Target Term Trust offers tax-free income via a diversified muni bond portfolio. It has strong distribution coverage, enhancing income sustainability despite lower yields.
BlackRock 2037 Municipal Target Term Trust's tax-free income and strong distribution coverage amid potential leverage increase make it an attractive option for stable, sustainable returns.
BlackRock 2037 Municipal Target Term Trust (BMN) launched successfully, avoiding recent municipal bond declines. It aims to return NAV by 2037 and has begun using leverage as rates stabilize.
BMN's launch at a stable rate period positions it well against rising rate risks, and its leverage strategy may enhance returns, attracting investors seeking income stability in municipal bonds.
Longer-duration municipal bonds are currently attractive compared to corporate bonds. Munis closed-end funds (CEFs) show wide discounts, with higher-quality bonds favored.
Longer-duration munis are appealing compared to corporate bonds, suggesting potential for better returns. Wide discounts in muni CEFs and preference for higher-quality bonds indicate investment opportunities.
Recent CEF market activity has been volatile. Key decision factors for income investing can help streamline the allocation process for these funds.
Volatile price movements in the CEF market may indicate changing investor sentiment, impacting income strategies and asset allocation decisions, crucial for optimizing returns.
BlackRock 2037 Municipal Target Term Trust aims to return $25 by 2037. It is a defensive, non-leveraged closed-end fund with a favorable duration profile.
The BlackRock 2037 Municipal Target Term Trust offers a predictable investment with a set NAV target, appealing to risk-averse investors seeking stability in a volatile market.
Analyst forecasts for BlackRock 2037 Municipal Target Term Trust (BMN) are not currently available. The stock is trading at $26.39.
Analyst ratings for BMN are not currently available. The stock is currently trading at $26.39. Investment decisions should be based on thorough research and your personal financial goals. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for BMN are not currently available. The stock is trading at $26.39.
The company operates as a closed-end fixed income fund that generates income through investments in high-quality municipal securities, primarily rated investment grade. By focusing on tax-exempt income, it appeals to investors looking for federally tax-free returns, and it plans to return principal to shareholders at the end of its term in 2037.
Price targets from Wall Street analysts for BMN are not currently available. The stock is trading at $26.39.
Price targets from Wall Street analysts for BMN are not currently available. The stock is trading at $26.39.
Analyst ratings for BMN are not currently available. The stock is trading at $26.39.
Stock price projections, including those for BlackRock 2037 Municipal Target Term Trust, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.