At the time of writing, Blackstone Inc [BX] stock is trading at $141.96, up 1.92%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BX shares have gain 5.43% over the last week, with a monthly amount glided 0.30%, 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.
For the past year, the stock price of Blackstone Inc fluctuated between $87.55 and $144.69. Currently, Wall Street analysts expect the stock to reach $130.5 within the next 12 months. Blackstone Inc [NYSE: BX] shares were valued at $141.96 at the most recent close of the market. An investor can expect a potential drop of -8.07% based on the average BX price forecast.
Analyzing the BX fundamentals
According to Blackstone Inc [NYSE:BX], the company’s sales were 10.53B for trailing twelve months, which represents an 7.25% jump. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at 0.48%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.29 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.58.
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 140.44 points at the first support level, and at 138.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 142.87, and for the 2nd resistance point, it is at 143.77.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 16.46, the price to book ratio is 25.42 and price to earnings (TTM) ratio is 54.17.
Transactions by insiders
Recent insider trading involved Blackstone Inc., 10% Owner, that happened on Aug 21 ’24 when 30.54 million shares were sold. Chief Legal Officer, Finley John G completed a deal on Aug 07 ’24 to sell 35000.0 shares. Meanwhile, Officer Finley John G bought 35000.0 shares on Aug 07 ’24.
