The Blackstone Group L.P. PT Raised to $30.00 (BX)
Investment analysts at Credit Suisse lifted their price target on shares of The Blackstone Group L.P. (NYSE:BX) from $27.00 to $30.00 in a note issued to investors on Monday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective points to a potential upside of 12.15% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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, October 3rd. They now have an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $27.82.
The Blackstone Group L.P. (NYSE:BX) traded up 0.68% during mid-day trading on Monday, hitting $26.75. The stock had a trading volume of 6,296,945 shares. The Blackstone Group L.P. has a one year low of $13.31 and a one year high of $26.59. The stock’s 50-day moving average is $23.81 and its 200-day moving average is $22.13. The company has a market cap of $15.059 billion and a price-to-earnings 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. Analysts expect that The Blackstone Group L.P. will post $2.37 EPS 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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