The Blackstone Group L.P. Target of Unusually Large Options Trading (BX)
The Blackstone Group L.P. (NYSE:BX) saw unusually large options trading on Monday. Traders bought 10,426 put options on the company, American Banking & Market News reports. This is an increase of approximately 159% compared to the average volume of 4,031 put options.
BX has been the subject of a number of recent research reports. Analysts at Morgan Stanley raised their price target on shares of The Blackstone Group L.P. from $25.00 to $27.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of The Blackstone Group L.P. from $26.00 to $30.00 in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Blackstone Group L.P. in a research note to investors on Wednesday, September 18th. They now have a $24.50 price target on the stock. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $27.42.
Shares of The Blackstone Group L.P. (NYSE:BX) traded down 0.15% during mid-day trading on Monday, hitting $26.31. 4,297,444 shares of the company’s stock traded hands. The Blackstone Group L.P. has a one year low of $13.31 and a one year high of $26.46. The stock has a 50-day moving average of $23.22 and a 200-day moving average of $21.92. The company has a market cap of $14.811 billion and a P/E ratio of 24.44.
The Blackstone Group L.P. (NYSE:BX) last released its earnings data on Thursday, July 18th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.08. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $0.19 earnings per share. The Blackstone Group L.P.’s revenue was up 129.7% compared to the same quarter last year. On average, analysts predict that The Blackstone Group L.P. will post $2.38 earnings per share for the current fiscal year.
The Blackstone Group L.P. (NYSE:BX) is a manager of private capital and provider of financial advisory services.
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