The Blackstone Group L.P. Sees Unusually Large Options Volume (BX)
Shares of The Blackstone Group L.P. (NYSE:BX) were the target of unusually large options trading on Monday. Stock investors purchased 9,694 call options on the company, AnalystRatingsNetwork.com reports. This is an increase of approximately 240% compared to the typical daily volume of 2,849 call options.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of The Blackstone Group L.P. in a research note on Monday. They now have a $41.00 price target on the stock, up previously from $40.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Blackstone Group L.P. in a research note on Monday, June 16th. They now have a $34.50 price target on the stock. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The Blackstone Group L.P. currently has an average rating of “Buy” and an average target price of $34.96.
The Blackstone Group L.P. (NYSE:BX) traded up 1.64% on Monday, hitting $32.80. 5,916,276 shares of the company’s stock traded hands. The Blackstone Group L.P. has a 52 week low of $21.30 and a 52 week high of $35.39. The stock has a 50-day moving average of $32.82 and a 200-day moving average of $32.01. The company has a market cap of $19.047 billion and a P/E ratio of 15.18.
The Blackstone Group L.P. (NYSE:BX) last announced its earnings results on Thursday, April 17th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.14. The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts predict that The Blackstone Group L.P. will post $3.18 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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