The Blackstone Group LP (NYSE:BX) shares traded -0.03% down during most recent session to reach at the closing price of $31.73. The stock exchanged hands 2.47 Million shares versus average trading capacity of 6.47 Million shares, yielding a market cap of $37.94 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $43.46 within the next 52-weeks. The mean target projections are based on 12 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have The Blackstone Group LP (NYSE:BX) high price target of $49 and with a conservative view have low price target of $34.
Morgan Stanley “Maintained” The Blackstone Group LP (NYSE:BX) in a research note issued to investors on 1/04/19 to Overweight with price target of $36.
Additionally on 11/16/18 Deutsche Bank “Maintained” The Blackstone Group LP (NYSE:BX) to Hold setting price target at $34 and on 11/14/18 Morgan Stanley “Maintained” the stock to Overweight at $42. Furthermore on 10/25/18 Citigroup “Maintained” the stock to Buy at $42.
On the other hand the company has Relative Strength Index (RSI 14) of 54.69 along with Average True Range (ATR 14) of 1.22, Consequently The Blackstone Group LP (NYSE:BX)’s weekly and monthly volatility is 3.03%, 3.88% respectively. The company’s beta value is at 1.35.
In terms of Buy, Sell or Hold recommendations, The Blackstone Group LP (NYSE:BX) has analysts’ mean recommendation of 0. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts The Blackstone Group LP (NYSE:BX)’s minimum EPS for the current quarter is at $0.26 and can go high up to $0.85. The consensus mean EPS for the current quarter is at $0.62 derived from a total of 13 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.71 earnings per share for the same quarter during last year.
Previously The Blackstone Group LP (NYSE:BX) reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The company posted an earnings surprise of 2.7%.
The Blackstone Group LP (NYSE:BX)’s revenue estimates for the current quarter are $1.68 Billion according to 8 number of analysts, for the current quarter the company has high revenue estimates of $1.9 Billion in contradiction of low revenue estimates of $1.38 Billion. For the current year the company’s revenue estimates are $7.15 Billion compared to low analyst estimates of $6.84 Billion and high estimates of $7.37 Billion according to 8 number of analysts.
Currently The Blackstone Group LP (NYSE:BX)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 51.3%. However the six-month change in the insider ownership was recorded -29.16%, as well as three-month change in the institutional ownership was recorded -0.11%.
The Blackstone Group LP (NYSE:BX)’s trailing twelve month revenues are $8.21 Billion, whereas its price to sales ratio for the same period is 4.62. Its book value per share for the most recent quarter is $10.24 while its price to book ratio for the same period is 3.1, as for as the company’s cash per share for the most recent quarter is $1.96, however its price to cash per share ratio for the same period is 16.17. The stock has 5 year expected PEG ratio of 1.9 whereas its trailing twelve month P/E ratio is 9.94.