The Blackstone Group L.P. PT Raised to $30.00 at Sandler O’Neill (BX)
Sandler O’Neill raised their price target on shares of The Blackstone Group L.P. (NYSE:BX) from $27.00 to $30.00 in a research note issued on Tuesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Sandler O’Neill’s target price would suggest a potential upside of 11.57% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of The Blackstone Group L.P. from $26.00 to $28.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The Blackstone Group L.P. currently has a consensus rating of “Buy” and an average target price of $28.04.
The Blackstone Group L.P. (NYSE:BX) traded up 0.52% during mid-day trading on Tuesday, hitting $26.89. 5,998,112 shares of the company’s stock traded hands. The Blackstone Group L.P. has a 52-week low of $13.31 and a 52-week high of $26.80. The stock’s 50-day moving average is $23.94 and its 200-day moving average is $22.21. The company has a market cap of $15.138 billion and a P/E ratio of 24.81.
The Blackstone Group L.P. (NYSE:BX) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 129.7% on a year-over-year basis. On average, analysts predict that The Blackstone Group L.P. will post $2.35 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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