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.

Investment analysts gave a few price targets for BX. The most optimistic price target was 46, implying potential capital gains of 37.78 percent. The lowest price target was 33, which equates to a potential downside of -1.16 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by 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. Meanwhile, fiscal year estimates have been revised downwards by -0.32 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.39 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 5 analysts made negative revisions. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 5 analysts made negative revisions to their fiscal year's estimates.

BX has an estimated earnings growth rate of 37.45 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of BX is 0.44.

BX has traded between a high of 35.09 and a low of 23.33 over the past year. The current market price is above the trailing year's low by 43.1 percent, and 4.86 percent below the 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.