Blackstone (NYSE:BX - Get Free Report) had its price objective lowered by analysts at Piper Sandler from $182.00 to $140.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the asset manager's stock. Piper Sandler's price objective suggests a potential upside of 10.07% from the company's previous close.
BX has been the subject of several other research reports. Wells Fargo & Company dropped their price objective on shares of Blackstone from $180.00 to $160.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. StockNews.com downgraded shares of Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Bank of America dropped their price target on Blackstone from $219.00 to $207.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Citizens Jmp raised Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a research report on Tuesday, April 8th. Finally, Barclays lowered their price target on shares of Blackstone from $186.00 to $129.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $157.22.
View Our Latest Stock Report on BX
Blackstone Price Performance
Shares of Blackstone stock traded down $0.26 during midday trading on Tuesday, hitting $127.19. 7,805,964 shares of the company were exchanged, compared to its average volume of 3,690,525. The firm has a 50 day simple moving average of $149.11 and a 200-day simple moving average of $165.63. Blackstone has a 52 week low of $115.66 and a 52 week high of $200.96. The firm has a market cap of $92.77 billion, a P/E ratio of 35.04, a PEG ratio of 1.07 and a beta of 1.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71.
Blackstone (NYSE:BX - Get Free Report) last announced its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. Research analysts forecast that Blackstone will post 5.87 earnings per share for the current year.
Insider Buying and Selling
In other Blackstone news, Director Ruth Porat acquired 301 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the transaction, the director now directly owns 36,829 shares in the company, valued at $6,071,260.65. This represents a 0.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.
Institutional Trading of Blackstone
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bangor Savings Bank raised its position in Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Hager Investment Management Services LLC bought a new position in Blackstone during the 4th quarter worth approximately $28,000. Centricity Wealth Management LLC bought a new stake in shares of Blackstone in the 4th quarter valued at $30,000. Murphy & Mullick Capital Management Corp bought a new position in Blackstone during the fourth quarter worth $33,000. Finally, Berbice Capital Management LLC bought a new stake in Blackstone during the fourth quarter valued at $34,000. 70.00% of the stock is currently owned by institutional investors.
Blackstone Company Profile
(
Get Free Report)
Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.
Featured Articles
Before you consider Blackstone, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blackstone wasn't on the list.
While Blackstone currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
