The Blackstone Group L.P. Price Target Increased to $28.00 by Analysts at Keefe, Bruyette & Woods (BX)
Equities research analysts at Keefe, Bruyette & Woods boosted their price objective on shares of The Blackstone Group L.P. (NYSE:BX) from $26.00 to $28.00 in a research note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 4.67% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of The Blackstone Group L.P. from $27.00 to $30.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of The Blackstone Group L.P. in a research note to investors on Friday. They set an “equal weight” rating and a $28.00 price target on the stock. Finally, analysts at ISI Group initiated coverage on shares of The Blackstone Group L.P. in a research note to investors on Tuesday, October 8th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $27.82.
The Blackstone Group L.P. (NYSE:BX) traded up 0.68% on Monday, hitting $26.75. 6,296,945 shares of the company’s stock traded hands. The Blackstone Group L.P. has a 1-year low of $13.31 and a 1-year high of $26.59. The stock has a 50-day moving average of $23.81 and a 200-day moving average of $22.13. The company has a market cap of $15.059 billion and a P/E ratio of 24.65.
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 $2.37 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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