A share price of Blackstone Inc [BX] is currently trading at $132.37, up 2.36%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BX shares have gain 9.61% over the last week, with a monthly amount glided 7.24%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Blackstone Inc [NYSE: BX] stock has seen the most recent analyst activity on April 02, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $135 from $140. Previously, Citigroup downgraded its rating to Neutral on January 19, 2024, and elevated its price target to $124. On January 11, 2024, downgrade downgraded it’s rating to Perform. TD Cowen started tracking the stock assigning a Market Perform rating and suggested a price target of $118 on January 04, 2024. Goldman downgraded its rating to a Neutral and raised its price target to $128 on January 03, 2024.
Blackstone Inc experienced fluctuations in its stock price throughout the past year between $87.84 and $133.08. Currently, Wall Street analysts expect the stock to reach $130.19 within the next 12 months. Blackstone Inc [NYSE: BX] shares were valued at $132.37 at the most recent close of the market. An investor can expect a potential drop of -1.65% based on the average BX price forecast.
Analyzing the BX fundamentals
Trailing Twelve Months sales for Blackstone Inc [NYSE:BX] were 10.35B which represents 2.73% growth. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.54%, Pretax Profit Margin comes in at 0.5%, 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 0.31 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.56.
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 130.22 points at the first support level, and at 128.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 133.85, and for the 2nd resistance point, it is at 135.32.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 15.47, the price to book ratio is 23.16 and price to earnings (TTM) ratio is 46.68.
Transactions by insiders
Recent insider trading involved Baratta Joseph, Director, that happened on Jul 03 ’24 when 0.12 million shares were sold. 10% Owner, Blackstone Inc. completed a deal on May 21 ’24 to sell 20.12 million shares. Meanwhile, Director Porat Ruth bought 219.0 shares on May 06 ’24.
