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 Wednesday. Stock investors bought 8,307 put options on the company, StockRatingsNetwork.com reports. This represents an increase of 208% compared to the typical daily volume of 2,695 put options.
BX has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of The Blackstone Group L.P. to $42.00 in a research note on Friday, July 18th. Separately, analysts at JMP Securities raised their price target on shares of The Blackstone Group L.P. from $42.00 to $44.00 in a research note on Friday, July 18th. They now have a “market outperform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of The Blackstone Group L.P. from $40.00 to $41.00 in a research note on Friday, July 18th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $36.77.
Shares of The Blackstone Group L.P. (NYSE:BX) traded down 0.15% during mid-day trading on Wednesday, hitting $33.05. 3,304,976 shares of the company’s stock traded hands. The Blackstone Group L.P. has a 1-year low of $21.30 and a 1-year high of $36.08. The stock has a 50-day moving average of $33.47 and a 200-day moving average of $32.42. The company has a market cap of $19.352 billion and a price-to-earnings ratio of 12.66.
The Blackstone Group L.P. (NYSE:BX) last released its earnings data on Thursday, July 17th. The company reported $0.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.04. The company had revenue of $938.88 million for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 56.2% on a year-over-year basis. On average, analysts predict that The Blackstone Group L.P. will post $3.86 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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