The Blackstone Group L.P. (BX) : The highest level The Blackstone Group L.P. (BX) is projected to reach is $38 for the short term and the lowest estimate is at $27. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $32.25 and the possibility the share price can swing is $3.33.
The Blackstone Group L.P. (BX) : Zacks Investment Research ranks The Blackstone Group L.P. (BX) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.86, which indicates as a Buy.
Also, Barclays maintains their rating on the shares of The Blackstone Group L.P. (NYSE:BX). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $33 per share from $29 per share. The rating by the firm was issued on August 9, 2016.
The Blackstone Group L.P. (NYSE:BX): The stock opened at $27.59 on Thursday but the bulls could not build on the opening and the stock topped out at $27.59 for the day. The stock traded down to $26.66 during the day, due to lack of any buying support eventually closed down at $26.93 with a loss of -1.79% for the day. The stock had closed at $27.42 on the previous day. The total traded volume was 3,836,918 shares.
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.