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.

Several price targets were given for BX by the analysts covering the stock. The most optimistic analyst gave a price target of 46, implying potential capital gains of 37.78 percent. The most pessimistic price target was 33, implying a possible loss of -1.16 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates downwards for this quarter, by about -0.71 percent on average, compared to last month. 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. 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 have revised their quarterly estimates upwards in the past 30 days, while 5 analysts revised their estimates downwards. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 5 analysts decreased their estimates.

The growth rate of BX's earnings is estimated by analysts to be 37.45 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. Currently the stock is 43.1 percent higher than its low, and below the high by 4.86 percent. 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 market cap of BX is $23.08 billion. BX's next earnings release will be on 0000-00-00, which is days away.