(BTT) Blackrock Municipal Target - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US09257P1057
Stock: Municipal Bonds, Tax-Exempt, Investment Grade, Fixed Income
Total Rating 43
Risk 75
Buy Signal -0.27
Dividends
| Dividend Yield | 2.52% |
| Yield on Cost 5y | 2.87% |
| Yield CAGR 5y | -7.19% |
| Payout Consistency | 91.6% |
| Payout Ratio | 21.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 5.44% |
| Relative Tail Risk | 1.38% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.94 |
| Alpha | 3.99 |
| Character TTM | |
|---|---|
| Beta | 0.101 |
| Beta Downside | 0.094 |
| Drawdowns 3y | |
|---|---|
| Max DD | 13.38% |
| CAGR/Max DD | 0.26 |
Description: BTT Blackrock Municipal Target January 16, 2026
BlackRock Municipal 2030 Target Term Trust (NYSE:BTT) is a closed-end, fixed-income mutual fund managed by BlackRock Advisors, LLC. Launched on August 30 2012 and domiciled in the United States, the fund focuses on investment-grade municipal bonds whose interest is exempt from regular federal income tax.
Key metrics that investors typically track for BTT include a weighted-average maturity of roughly 8 years, a tax-exempt yield of about 2.5 % (as of 2024 Q2), and an expense ratio near 0.55 %. The fund’s performance is highly sensitive to municipal-bond supply dynamics, which are driven by state and local fiscal health, infrastructure-spending cycles, and the broader U.S. interest-rate environment. In a rising-rate scenario, the fund’s duration can lead to price volatility, while a stable or declining rate outlook tends to support its tax-exempt yield advantage over comparable Treasury securities.
For a deeper quantitative dive, you might explore ValueRay’s analytics on BTT’s tax-exempt yield relative to comparable Treasury benchmarks.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 101.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 5.24 > 1.0 |
| NWC/Revenue: -45.20% < 20% (prev -40.08%; Δ -5.12% < -1%) |
| CFO/TA 0.09 > 3% & CFO 204.1m > Net Income 101.1m |
| Net Debt (833.4m) to EBITDA (66.2m): 12.59 < 3 |
| Current Ratio: 0.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (62.3m) vs 12m ago -7.48% < -2% |
| Gross Margin: 88.22% > 18% (prev 0.88%; Δ 8734 % > 0.5%) |
| Asset Turnover: 7.01% > 50% (prev 5.20%; Δ 1.81% > 0%) |
| Interest Coverage Ratio: 5.48 > 6 (EBITDA TTM 66.2m / Interest Expense TTM 18.5m) |
Altman Z'' 1.98
| A: -0.03 (Total Current Assets 23.0m - Total Current Liabilities 99.6m) / Total Assets 2.40b |
| B: -0.00 (Retained Earnings -7.49m / Total Assets 2.40b) |
| C: 0.04 (EBIT TTM 101.5m / Avg Total Assets 2.42b) |
| D: 1.82 (Book Value of Equity 1.55b / Total Liabilities 849.5m) |
| Altman-Z'' Score: 1.98 = BBB |
What is the price of BTT shares?
As of February 07, 2026, the stock is trading at USD 22.80 with a total of 33,792 shares traded.
Over the past week, the price has changed by +0.04%, over one month by +0.11%, over three months by +1.68% and over the past year by +9.82%.
Over the past week, the price has changed by +0.04%, over one month by +0.11%, over three months by +1.68% and over the past year by +9.82%.
Is BTT a buy, sell or hold?
Blackrock Municipal Target has no consensus analysts rating.
What are the forecasts/targets for the BTT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 23.7 | 4% |
BTT Fundamental Data Overview February 02, 2026
P/E Trailing = 25.044
P/S = 18.1217
P/B = 0.9389
Revenue TTM = 169.5m USD
EBIT TTM = 101.5m USD
EBITDA TTM = 66.2m USD
Long Term Debt = 749.9m USD (estimated: total debt 833.4m - short term 83.4m)
Short Term Debt = 83.4m USD (from shortTermDebt, last quarter)
Debt = 833.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 833.4m USD (from netDebt column, last quarter)
Enterprise Value = 2.31b USD (1.50b + Debt 833.4m - CCE 19.7m)
Interest Coverage Ratio = 5.48 (Ebit TTM 101.5m / Interest Expense TTM 18.5m)
EV/FCF = 11.31x (Enterprise Value 2.31b / FCF TTM 204.1m)
FCF Yield = 8.84% (FCF TTM 204.1m / Enterprise Value 2.31b)
FCF Margin = 120.4% (FCF TTM 204.1m / Revenue TTM 169.5m)
Net Margin = 59.66% (Net Income TTM 101.1m / Revenue TTM 169.5m)
Gross Margin = 88.22% ((Revenue TTM 169.5m - Cost of Revenue TTM 20.0m) / Revenue TTM)
Gross Margin QoQ = 88.13% (prev 88.61%)
Tobins Q-Ratio = 0.96 (Enterprise Value 2.31b / Total Assets 2.40b)
Interest Expense / Debt = 2.22% (Interest Expense 18.5m / Debt 833.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 80.2m (EBIT 101.5m * (1 - 21.00%))
Current Ratio = 0.23 (Total Current Assets 23.0m / Total Current Liabilities 99.6m)
Debt / Equity = 0.54 (Debt 833.4m / totalStockholderEquity, last quarter 1.55b)
Debt / EBITDA = 12.59 (Net Debt 833.4m / EBITDA 66.2m)
Debt / FCF = 4.08 (Net Debt 833.4m / FCF TTM 204.1m)
Total Stockholder Equity = 1.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.18% (Net Income 101.1m / Total Assets 2.40b)
RoE = 6.42% (Net Income TTM 101.1m / Total Stockholder Equity 1.57b)
RoCE = 4.37% (EBIT 101.5m / Capital Employed (Equity 1.57b + L.T.Debt 749.9m))
RoIC = 4.99% (NOPAT 80.2m / Invested Capital 1.61b)
WACC = 4.67% (E(1.50b)/V(2.33b) * Re(6.29%) + D(833.4m)/V(2.33b) * Rd(2.22%) * (1-Tc(0.21)))
Discount Rate = 6.29% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -3.81%
[DCF Debug] Terminal Value 86.15% ; FCFF base≈154.3m ; Y1≈151.4m ; Y5≈154.5m
Fair Price DCF = 59.22 (EV 4.62b - Net Debt 833.4m = Equity 3.79b / Shares 63.9m; r=5.90% [WACC]; 5y FCF grow -2.75% → 2.90% )
EPS Correlation: -27.23 | EPS CAGR: -28.55% | SUE: 0.41 | # QB: 0
Revenue Correlation: -70.12 | Revenue CAGR: -4.14% | SUE: N/A | # QB: 0
P/S = 18.1217
P/B = 0.9389
Revenue TTM = 169.5m USD
EBIT TTM = 101.5m USD
EBITDA TTM = 66.2m USD
Long Term Debt = 749.9m USD (estimated: total debt 833.4m - short term 83.4m)
Short Term Debt = 83.4m USD (from shortTermDebt, last quarter)
Debt = 833.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 833.4m USD (from netDebt column, last quarter)
Enterprise Value = 2.31b USD (1.50b + Debt 833.4m - CCE 19.7m)
Interest Coverage Ratio = 5.48 (Ebit TTM 101.5m / Interest Expense TTM 18.5m)
EV/FCF = 11.31x (Enterprise Value 2.31b / FCF TTM 204.1m)
FCF Yield = 8.84% (FCF TTM 204.1m / Enterprise Value 2.31b)
FCF Margin = 120.4% (FCF TTM 204.1m / Revenue TTM 169.5m)
Net Margin = 59.66% (Net Income TTM 101.1m / Revenue TTM 169.5m)
Gross Margin = 88.22% ((Revenue TTM 169.5m - Cost of Revenue TTM 20.0m) / Revenue TTM)
Gross Margin QoQ = 88.13% (prev 88.61%)
Tobins Q-Ratio = 0.96 (Enterprise Value 2.31b / Total Assets 2.40b)
Interest Expense / Debt = 2.22% (Interest Expense 18.5m / Debt 833.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 80.2m (EBIT 101.5m * (1 - 21.00%))
Current Ratio = 0.23 (Total Current Assets 23.0m / Total Current Liabilities 99.6m)
Debt / Equity = 0.54 (Debt 833.4m / totalStockholderEquity, last quarter 1.55b)
Debt / EBITDA = 12.59 (Net Debt 833.4m / EBITDA 66.2m)
Debt / FCF = 4.08 (Net Debt 833.4m / FCF TTM 204.1m)
Total Stockholder Equity = 1.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.18% (Net Income 101.1m / Total Assets 2.40b)
RoE = 6.42% (Net Income TTM 101.1m / Total Stockholder Equity 1.57b)
RoCE = 4.37% (EBIT 101.5m / Capital Employed (Equity 1.57b + L.T.Debt 749.9m))
RoIC = 4.99% (NOPAT 80.2m / Invested Capital 1.61b)
WACC = 4.67% (E(1.50b)/V(2.33b) * Re(6.29%) + D(833.4m)/V(2.33b) * Rd(2.22%) * (1-Tc(0.21)))
Discount Rate = 6.29% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -3.81%
[DCF Debug] Terminal Value 86.15% ; FCFF base≈154.3m ; Y1≈151.4m ; Y5≈154.5m
Fair Price DCF = 59.22 (EV 4.62b - Net Debt 833.4m = Equity 3.79b / Shares 63.9m; r=5.90% [WACC]; 5y FCF grow -2.75% → 2.90% )
EPS Correlation: -27.23 | EPS CAGR: -28.55% | SUE: 0.41 | # QB: 0
Revenue Correlation: -70.12 | Revenue CAGR: -4.14% | SUE: N/A | # QB: 0