A share price of Blackstone Inc [BX] is currently trading at $128.09, up 0.21%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BX shares have gain 2.38% over the last week, with a monthly amount glided 3.43%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Blackstone Charitable Foundation Commitment in Texas Reaches $10 Million for Entrepreneurial Skills and Career Exposure. In a post published today on Yahoo Finance, Blackstone LaunchPad hubs at colleges and universities focus skill-building and internship opportunities for students.
From an analyst’s perspective:
Blackstone Inc [NYSE: BX] stock has seen the most recent analyst activity on January 19, 2024, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $124 from $116. Previously, Oppenheimer downgraded its rating to Perform on January 11, 2024. On January 04, 2024, TD Cowen initiated with a Market Perform rating and assigned a price target of $118 on the stock. Goldman downgraded its rating to a Neutral and increased its price target to $128 on January 03, 2024. In a note dated October 06, 2023, HSBC Securities initiated an Hold rating and provided a target price of $113 on this stock.
Blackstone Inc experienced fluctuations in its stock price throughout the past year between $74.89 and $132.88. Currently, Wall Street analysts expect the stock to reach $120.93 within the next 12 months. Blackstone Inc [NYSE: BX] shares were valued at $128.09 at the most recent close of the market. An investor can expect a potential drop of -5.59% based on the average BX price forecast.
Analyzing the BX fundamentals
Trailing Twelve Months sales for Blackstone Inc [NYSE:BX] were 10.27B which represents 14.43% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.3 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 126.63 points at the first support level, and at 125.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 129.40, and for the 2nd resistance point, it is at 130.70.
Blackstone Inc [BX] reported earnings per share of $1.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.95/share, meaning a difference of $0.16 and a surprise factor of 16.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.94 per share as compared to estimates of $1.01 per share, a difference of -$0.07 representing a surprise of -6.90%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 15.11, the price to book ratio is 22.86 and price to earnings (TTM) ratio is 69.77.
Transactions by insiders
Recent insider trading involved Brown Reginald J, Director, that happened on Feb 21 when 2400.0 shares were purchased. 10% Owner, Blackstone Inc. completed a deal on Feb 16 to sell 24.28 million shares. Meanwhile, Director Porat Ruth bought 232.0 shares on Feb 12.
