The Blackstone Group L.P. (BX) : The consensus on The Blackstone Group L.P. (BX) based on 11 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
The Blackstone Group L.P. (BX) : Currently there are 8 street experts covering The Blackstone Group L.P. (BX) stock. The most bullish and bearish price target for the stock is $38 and $27 respectively for the short term. The average price target of all the analysts comes to $32.25. The estimated standard deviation from the target is $3.33.
Also, Barclays maintains its view on The Blackstone Group L.P. (NYSE:BX) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays raises the price target from $29 per share to $33 per share on The Blackstone Group L.P.. The rating by the firm was issued on August 9, 2016.
The Blackstone Group L.P. (NYSE:BX): After opening at $25.59, the stock dipped to an intraday low of $25.45 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.015 and the buying power remained strong till the end. The stock closed at $25.79 for the day, a gain of 0.78% for the day session. The total traded volume was 2,888,962. The stocks close on the previous trading day was $25.59.
The Blackstone Group L.P. is a global alternative asset manager. The Companys alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds mandates. The Companys segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Companys Private Equity segment focuses on identifying, managing and creating lasting value for its investors. The Company manages a number of global, European and Asian focused opportunistic real estate funds, several real estate debt investment funds, a real estate investment trust (BXMT). The Companys Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.