A share price of Blackstone Inc [BX] is currently trading at $138.27, up 0.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The BX shares have lost -1.29% over the last week, with a monthly amount glided 6.11%, 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 August 27, 2024, when Redburn Atlantic initiated its Neutral rating and assigned the stock a price target of $134. Previously, UBS downgraded its rating to Neutral on April 02, 2024, and dropped its price target to $135. On January 19, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $124 on the stock. Oppenheimer downgraded its rating to a Perform. TD Cowen initiated its recommendation with a Market Perform and recommended $118 as its price target on January 04, 2024. Goldman downgraded its rating to Neutral for this stock on January 03, 2024, and upped its price target to $128.
Blackstone Inc experienced fluctuations in its stock price throughout the past year 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 $138.27 at the most recent close of the market. An investor can expect a potential drop of -5.62% based on the average BX price forecast.
Analyzing the BX fundamentals
Trailing Twelve Months sales for Blackstone Inc [NYSE:BX] were 10.53B which represents 7.25% growth. 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 137.04 points at the first support level, and at 135.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.20, and for the 2nd resistance point, it is at 142.12.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 16.04, the price to book ratio is 24.76 and price to earnings (TTM) ratio is 52.76.
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.
