Analyst Ratings for Blackstone Group L.P. (BX)

Updated: 2017-07-28

Blackstone Group L.P. (NYSE:BX) was awarded an average rating of Buy from investment analysts following the stock. Last month, BX received an average rating of Buy.

A buy rating was issued by 12 analysts, 0 gave an overweight rating, 4 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for BX. The highest price target was 46, implying potential capital gains of 37.78 percent. The most pessimistic price target was 33, which equates to a potential downside of -1.16 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.71 percent. That number becomes -0.71 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.32 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.39 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 5 analysts revised their estimates downwards. Over the same time period, 4 analysts revised their FY earnings estimates upwards, compared to 5 analysts that revised their FY estimates downwards.

Analysts estimate earnings of BX to grow at a rate of 37.45 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of BX is 0.44.

In the trailing 52-weeks, BX hit 35.09 at the highest peak, while it's lowest trading point was 23.33. Currently the stock is 43.1 percent higher than its low, and 4.86 percent lower than its 52-week high. BX has a P/E ratio of 16.59. Investors typically compare the P/E ratio to a company's peers in the industry. The BX value stock report compares BX to some of its peers using value stock charts. The stock has a market capitalization of $23.08 billion. BX will post this quarters earnings in days, on 0000-00-00.