The Blackstone Group L.P. (BX) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
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 $26 respectively for the short term. The average price target of all the analysts comes to $31.25. The estimated standard deviation from the target is $3.92.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Keefe Bruyette & Woods maintains its rating on The Blackstone Group L.P. (NYSE:BX). The rating major has initiated the coverage with market perform rating on the shares. The Analysts at Keefe Bruyette & Woods lowers the price target from $34 per share to $33 per share. The rating by the firm was issued on July 11, 2016.
The Blackstone Group L.P. (NYSE:BX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.95 and $25.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.66, notching a gain of 2.74% for the day. The total traded volume was 5,812,176 . The stock had closed at $25.95 on the previous day.
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.