why The Blackstone Group Inc. [BX] is a Good Choice for Investors After New Price Target of $79.43

The Blackstone Group Inc. [NYSE: BX] traded at a high on 04/21/21, posting a 1.02 gain after which it closed the day’ session at $80.31. The company report on April 15, 2021 that Blackstone Hires Paul Morrissey to Lead European Investing for Blackstone Growth (BXG).

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Blackstone (NYSE: BX) announced that it has hired Paul Morrissey, a seasoned investment professional with extensive private equity and venture capital experience, as a Managing Director to lead investing across Europe for Blackstone Growth (BXG).

This newly created role will see Mr. Morrissey manage the European deployment for BXG, which recently completed the final close of its oversubscribed, inaugural $4.5 billion growth equity fund – the largest first-time growth equity private vehicle ever raised. BXG has already made significant investments in fast-growing European companies, including Epidemic Sound, which delivers restriction-free music to internet content creators across the globe, and oat milk pioneer, Oatly.

The results of the trading session contributed to over 4289726 shares changing hands. Over the past one week, the price volatility of The Blackstone Group Inc. stands at 1.44% while the volatility over the past one month is 1.65%.

The market cap for BX stock reached $96.82 billion, with 702.58 million shares outstanding and 659.29 million shares in the current float. Compared to the average trading volume of 2.83M shares, BX reached a trading volume of 4289726 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The Blackstone Group Inc. [BX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BX shares is $79.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for The Blackstone Group Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on March 19, 2021. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on January 14, 2021, representing the official price target for The Blackstone Group Inc. stock. Previously, the target price had yet another raise to $58, while Oppenheimer analysts kept a Outperform rating on BX stock.

The Average True Range (ATR) for The Blackstone Group Inc. is set at 1.46, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 15.87. The Price to Book ratio for the last quarter was 8.48, with the Price to Cash per share for the same quarter was set at 1.71.

How has BX stock performed recently?

The Blackstone Group Inc. [BX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.96. With this latest performance, BX shares gained by 9.19% in over the last four-week period, additionally plugging by 46.26% over the last 6 months – not to mention a rise of 76.51% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BX stock in for the last two-week period is set at 74.21, with the RSI for the last a single of trading hit 79.54, and the three-weeks RSI is set at 70.73 for The Blackstone Group Inc. [BX]. The present Moving Average for the last 50 days of trading for this stock 73.10, while it was recorded at 79.61 for the last single week of trading, and 61.41 for the last 200 days.

The Blackstone Group Inc. [BX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Blackstone Group Inc. [BX] shares currently have an operating margin of +42.05 and a Gross Margin at +98.16. The Blackstone Group Inc.’s Net Margin is presently recorded at +16.15.

Return on Total Capital for BX is now 11.37, given the latest momentum, and Return on Invested Capital for the company is 6.65. Return on Equity for this stock inclined to 15.30, with Return on Assets sitting at 3.55. When it comes to the capital structure of this company, The Blackstone Group Inc. [BX] has a Total Debt to Total Equity ratio set at 95.34. Additionally, BX Total Debt to Total Capital is recorded at 48.81, with Total Debt to Total Assets ending up at 24.14. Long-Term Debt to Equity for the company is recorded at 92.81, with the Long-Term Debt to Total Capital now at 47.51.

Reflecting on the efficiency of the workforce at the company, The Blackstone Group Inc. [BX] managed to generate an average of $330,288 per employee. Receivables Turnover for the company is 1.69 with a Total Asset Turnover recorded at a value of 0.22.

Earnings analysis for The Blackstone Group Inc. [BX]

With the latest financial reports released by the company, The Blackstone Group Inc. posted 0.46/share EPS, while the average EPS was predicted by analysts to be reported at 0.5/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Blackstone Group Inc. go to 16.16%.

Insider trade positions for The Blackstone Group Inc. [BX]

There are presently around $33,367 million, or 62.20% of BX stock, in the hands of institutional investors. The top three institutional holders of BX stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 42,735,373, which is approximately -0.394% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 37,271,096 shares of the stock with an approximate value of $2.99 billion in BX stocks shares; and BLACKROCK INC., currently with $1.61 billion in BX stock with ownership of nearly -0.771% of the company’s market capitalization.

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Positions in The Blackstone Group Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 640 institutional holders increased their position in The Blackstone Group Inc. [NYSE:BX] by around 28,130,764 shares. Additionally, 380 investors decreased positions by around 16,744,909 shares, while 180 investors held positions by with 370,607,639 shares. The mentioned changes placed institutional holdings at 415,483,312 shares, according to the latest SEC report filing. BX stock had 179 new institutional investments in for a total of 6,737,239 shares, while 56 institutional investors sold positions of 5,385,037 shares during the same period.

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