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BlackRock Credit Allocation Income Trust is currently in a long term uptrend where the price is trading 6.9% above its 200 day moving average.
From a valuation standpoint, the stock is 8.4% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 8.3.
BlackRock Credit Allocation Income Trust's total revenue rose by 122.2% to $66M since the same quarter in the previous year.
Its net income has increased by 304.7% to $120M since the same quarter in the previous year.
Finally, its free cash flow fell by 157.6% to $-6M since the same quarter in the previous year.
Based on the above factors, BlackRock Credit Allocation Income Trust gets an overall score of 4/5.
| Industry | Asset Management |
|---|---|
| Sector | Financial Services |
| CurrencyCode | USD |
| ISIN | US0925081004 |
| Exchange | NYSE |
| PE Ratio | None |
|---|---|
| Target Price | None |
| Dividend Yield | 9.7% |
| Beta | 0.75 |
| Market Cap | 974M |
BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation. It invests in investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives. The fund was formerly known as BlackRock Preferred & Equity Advantage Trust. BlackRock Credit Allocation Income Trust was formed on December 27, 2006 and is domiciled in the United States.
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