At the time of writing, Blackstone Inc [BX] stock is trading at $156.32, up 0.53%. 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 4.60% over the last week, with a monthly amount glided 1.14%, 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 October 09, 2024, when Piper Sandler downgraded its rating to a Neutral but kept the price target unchanged to $149 for it. Previously, Wells Fargo started tracking the stock with Overweight rating on September 12, 2024, and set its price target to $163. On August 27, 2024, Redburn Atlantic initiated with a Neutral rating and assigned a price target of $134 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $135 on April 02, 2024. Citigroup downgraded its rating to a Neutral and raised its price target to $124 on January 19, 2024. Oppenheimer downgraded its rating to Perform for this stock on January 11, 2024. In a note dated January 04, 2024, TD Cowen initiated an Market Perform rating and provided a target price of $118 on this stock.
For the past year, the stock price of Blackstone Inc fluctuated between $87.55 and $161.25. Currently, Wall Street analysts expect the stock to reach $134.69 within the next 12 months. Blackstone Inc [NYSE: BX] shares were valued at $156.32 at the most recent close of the market. An investor can expect a potential drop of -13.84% 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 155.10 points at the first support level, and at 153.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.54, and for the 2nd resistance point, it is at 158.77.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 18.13, the price to book ratio is 28.00 and price to earnings (TTM) ratio is 59.65.
Transactions by insiders
Recent insider trading involved Baratta Joseph, Director, that happened on Oct 01 ’24 when 0.12 million shares were sold. Officer, Baratta Joseph completed a deal on Oct 01 ’24 to buy 0.12 million shares. Meanwhile, 10% Owner Blackstone Inc. sold 30.54 million shares on Aug 21 ’24.
