Blackstone Inc. [NYSE: BX] plunged by -$9.67 during the normal trading session on Monday and reaching a high of $128.84 during the day while it closed the day at $123.96. The company report on September 20, 2021 that Blackstone Renewable Energy Project Selected to Support New York’s Transition to Clean Energy.
Project to deliver 1,250 MW of clean power to New York City, displacing fossil fuel generation.
Blackstone (NYSE: BX) announced that its wholly-owned portfolio company Transmission Developers Inc. (TDI), was selected by the New York State Energy Research and Development Authority (NYSERDA), as part of an extensive RFP process, to deliver clean, renewable power to New York City.
Blackstone Inc. stock has also loss -4.06% of its value over the past 7 days. However, BX stock has inclined by 26.09% in the 3 months of the year. Over the past six months meanwhile, it has gained 68.54% and gained 91.27% year-on date.
The market cap for BX stock reached $150.65 billion, with 721.14 million shares outstanding and 654.88 million shares in the current float. Compared to the average trading volume of 4.01M shares, BX reached a trading volume of 10626058 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Blackstone Inc. [BX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BX shares is $116.68 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 2.10. 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.
Deutsche Bank have made an estimate for Blackstone Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 11, 2021. The new note on the price target was released on March 19, 2021, representing the official price target for Blackstone Inc. stock. Previously, the target price had yet another raise to $71, while Piper Sandler analysts kept a Overweight rating on BX stock.
The Average True Range (ATR) for Blackstone Inc. is set at 3.55, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 8.73. The Price to Book ratio for the last quarter was 10.63, with the Price to Cash per share for the same quarter was set at 2.12. Price to Free Cash Flow for BX in the course of the last twelve months was 1354.75.
BX stock trade performance evaluation
Blackstone Inc. [BX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.06. With this latest performance, BX shares gained by 12.31% in over the last four-week period, additionally plugging by 68.54% over the last 6 months – not to mention a rise of 135.22% 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 49.26, with the RSI for the last a single of trading hit 40.68, and the three-weeks RSI is set at 54.51 for Blackstone Inc. [BX]. The present Moving Average for the last 50 days of trading for this stock 117.11, while it was recorded at 131.57 for the last single week of trading, and 87.64 for the last 200 days.
Blackstone Inc. [BX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Blackstone Inc. [BX] shares currently have an operating margin of +42.05 and a Gross Margin at +98.16. Blackstone 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, Blackstone 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, Blackstone 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 per share (EPS) analysis for Blackstone Inc. [BX] stock
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 Blackstone Inc. go to 21.09%.
Blackstone Inc. [BX]: Insider Ownership positions
There are presently around $54,146 million, or 66.70% of BX stock, in the hands of institutional investors. The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 39,344,478, which is approximately 2.26% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 30,579,280 shares of the stock with an approximate value of $3.79 billion in BX stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $2.68 billion in BX stock with ownership of nearly -42.265% of the company’s market capitalization.
Positions in Blackstone Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 683 institutional holders increased their position in Blackstone Inc. [NYSE:BX] by around 59,914,669 shares. Additionally, 487 investors decreased positions by around 39,041,097 shares, while 226 investors held positions by with 337,849,391 shares. The mentioned changes placed institutional holdings at 436,805,157 shares, according to the latest SEC report filing. BX stock had 199 new institutional investments in for a total of 5,128,923 shares, while 55 institutional investors sold positions of 6,725,058 shares during the same period.