A share price of Blackstone Inc [BX] is currently trading at $175.14, up 3.44%. 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 2.22% over the last week, with a monthly amount drifted -7.97%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Blackstone Inc [NYSE: BX] stock has seen the most recent analyst activity on December 12, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also boosted its price target to $195 from $188. Previously, TD Cowen upgraded its rating to Buy on December 09, 2024, and elevated its price target to $230. On October 09, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $149 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $163 on September 12, 2024. Redburn Atlantic initiated its recommendation with a Neutral and recommended $134 as its price target on August 27, 2024. UBS downgraded its rating to Neutral for this stock on April 02, 2024, and downed its price target to $135. In a note dated January 19, 2024, Citigroup downgraded an Neutral rating on this stock and boosted its target price from $116 to $124.
Blackstone Inc experienced fluctuations in its stock price throughout the past year between $113.25 and $200.96. Currently, Wall Street analysts expect the stock to reach $161.2 within the next 12 months. Blackstone Inc [NYSE: BX] shares were valued at $175.14 at the most recent close of the market. An investor can expect a potential drop of -7.96% based on the average BX price forecast.
Analyzing the BX fundamentals
Trailing Twelve Months sales for Blackstone Inc [NYSE:BX] were 10.52B which represents -0.46% decline. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.45%, Pretax Profit Margin comes in at 0.6%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.32 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.53.
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 173.85 points at the first support level, and at 172.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 176.95, and for the 2nd resistance point, it is at 178.76.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 20.19, the price to book ratio is 30.53 and price to earnings (TTM) ratio is 60.21.
Transactions by insiders
Recent insider trading involved Blackstone Holdings IV L.P., 10% Owner, that happened on Dec 12 ’24 when 0.34 million shares were sold. Chief Legal Officer, Finley John G completed a deal on Nov 07 ’24 to sell 42249.0 shares. Meanwhile, Officer Finley John G bought 42249.0 shares on Nov 07 ’24.
