Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
BlackRock 2037 Municipal Target Term Trust Market Cap
From what 0 stock analysts predict, the share price for BlackRock 2037 Municipal Target Term Trust (BMN) might decrease by 100% in the next year. This is based on a 12-month average estimation for BMN. Price targets go from $ to $. The majority of stock analysts believe BMN is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assignedBMN 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect BlackRock 2037 Municipal Target Term Trust to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on BMN. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of BMN.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
Credit Suisse | Underperform | Initiates | Nov 22, 2022 | |
Goldman Sachs | Sell | Maintains | Nov 7, 2022 | |
Jefferies | Buy | Maintains | Oct 31, 2022 | |
Keybanc | Overweight | Initiates | Sep 13, 2022 | |
B of A Securities | Buy | Initiates | Sep 6, 2022 | |
Citigroup | Neutral | Initiates | Sep 1, 2022 | |
Jefferies | Buy | Maintains | May 23, 2022 | |
Berenberg | Hold | Initiates | Dec 2, 2021 | |
JMP Securities | Market Outperform | Maintains | Aug 6, 2021 | |
RBC Capital | Outperform | Maintains | Aug 6, 2021 | |
Goldman Sachs | Sell | Initiates | May 14, 2021 | |
KeyBanc | Sector Weight | Initiates | Jan 15, 2021 | |
B of A Securities | Neutral | Downgrade | Jul 31, 2020 | |
Jefferies | Buy | Upgrade | Jul 20, 2020 | |
Citigroup | Buy | Initiates | May 15, 2020 | |
RBC Capital | Outperform | Maintains | May 8, 2020 | |
Deutsche Bank | Buy | Maintains | Feb 21, 2020 | |
RBC Capital | Outperform | Reiterates | Feb 21, 2020 | |
Jefferies | Hold | Downgrade | Jan 10, 2020 | |
Nomura | Buy | Upgrade | Oct 22, 2019 |
When did it IPO
2022
Staff Count
0
Country
United States
Sector/Industry
Financial Services/Asset Management
CEO
Market Cap
$154.9M
In 2023, BMN generated $11.9M in revenue, which was a increase of 356.72% from the previous year. This can be seen as a signal that BMN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 18 Mar 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - BlackRock 2037 Municipal Target Term Trust (BMN) launched successfully, avoiding recent municipal bond declines. It aims to return NAV by 2037 and has recently started using leverage strategically.
Why It Matters - BMN's launch during stabilized rates positions it advantageously in the municipal bond market, potentially enhancing returns for investors while managing risk through leverage.
Thu, 14 Mar 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Longer-duration municipal bonds are currently appealing compared to corporate bonds. Additionally, municipal closed-end funds (CEFs) show wide discounts, with higher-quality bonds being favored.
Why It Matters - Longer-duration munis offer competitive yields against corporate bonds, suggesting potential gains. Wide discounts in muni CEFs indicate buying opportunities, especially in higher-quality bonds.
Thu, 08 Feb 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Recent volatility in the CEF market prompts a review of key income investing factors to enhance allocation strategies for investors.
Why It Matters - Volatile price movements in the CEF market impact income stability and investment strategies, influencing portfolio decisions and potential returns for investors.
Wed, 15 Nov 2023
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - BlackRock 2037 Municipal Target Term Trust aims to return $25 at its 2037 termination. It's a defensive, non-leveraged municipal closed-end fund with a favorable duration profile.
Why It Matters - The BlackRock 2037 Municipal Target Term Trust offers a predictable return with lower risk, appealing to conservative investors seeking stability in a volatile market.
Tue, 07 Nov 2023
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - In 2021, launched closed-end funds (CEFs) saw negative returns, trading at an average -12.5% discount to NAV. They offer high yields, up to 12.9%, with hybrid funds outperforming municipal and equity funds.
Why It Matters - The poor performance of newly launched CEFs and their significant discounts to NAV signal potential risks, while high yields may attract income-focused investors seeking better returns.
Wed, 23 Aug 2023
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - BlackRock launched the 2037 Municipal Target Term Trust, a closed-end fund focusing on municipal bonds, amid a quiet IPO market for such funds.
Why It Matters - The launch of BlackRock's 2037 Municipal Target Term Trust signals renewed interest in closed-end funds, potentially attracting investors seeking muni exposure amid a quiet IPO market.
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