Blackstone Inc. [BX] Stock trading around $131.38 per share: What’s Next?


Blackstone Inc. [NYSE: BX] loss -2.75% on the last trading session, reaching $131.38 price per share at the time. The company report on December 20, 2021 that Blackstone Growth (BXG) Announces Majority Investment in Supergoop!, Category Creator in SPF Innovation and Everyday Sun Protection.

Blackstone (NYSE:BX) today announced that funds managed by Blackstone Growth (BXG) (“Blackstone”) have entered into a definitive agreement for a majority investment in Supergoop!, the first protective skincare brand that puts SPF at the forefront. The company, founded by former teacher and skincare industry pioneer Holly Thaggard, has enjoyed tremendous growth over the past five years given an increasing recognition of the importance of daily skin protection – a direct result of Supergoop!’s efforts for more than 15 years. Thaggard, Supergoop!’s CEO Amanda Baldwin and the existing senior management team will continue to maintain significant equity ownership in the business alongside Blackstone. The investment will help fuel Supergoop!’s commitment to launch category-creating innovations; drive consumer behavior change through education and best-in-class brand marketing; and expand the company’s national and global reach.

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Blackstone Inc. represents 722.23 million in outstanding shares, while the company has a total market value of $152.18 billion with the latest information. BX stock price has been found in the range of $131.35 to $136.46.

If compared to the average trading volume of 3.75M shares, BX reached a trading volume of 2742521 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $150.50 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.

BofA Securities have made an estimate for Blackstone Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 16, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on December 16, 2021, representing the official price target for Blackstone Inc. stock. Previously, the target price had yet another raise to $182, while BofA Securities analysts kept a Buy rating on BX stock. On August 11, 2021, analysts increased their price target for BX shares from 103 to 135.

The Average True Range (ATR) for Blackstone Inc. is set at 5.37, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 7.44. The Price to Book ratio for the last quarter was 10.48, with the Price to Cash per share for the same quarter was set at 4.42. Price to Free Cash Flow for BX in the course of the last twelve months was 130.99.

Trading performance analysis for BX stock

Blackstone Inc. [BX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.74. With this latest performance, BX shares dropped by -8.64% in over the last four-week period, additionally plugging by 32.77% over the last 6 months – not to mention a rise of 103.15% 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 47.93, with the RSI for the last a single of trading hit 49.62, and the three-weeks RSI is set at 48.14 for Blackstone Inc. [BX]. The present Moving Average for the last 50 days of trading for this stock 137.31, while it was recorded at 131.08 for the last single week of trading, and 110.27 for the last 200 days.

Blackstone Inc. [BX]: A deeper dive into fundamental analysis

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.

Blackstone Inc. [BX]: An earnings per share (EPS) analysis

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 29.17%.

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An analysis of insider ownership at Blackstone Inc. [BX]

There are presently around $57,373 million, or 62.80% of BX stock, in the hands of institutional investors. The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 39,835,258, which is approximately 1.247% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 30,436,641 shares of the stock with an approximate value of $4.11 billion in BX stocks shares; and MORGAN STANLEY, currently with $2.62 billion in BX stock with ownership of nearly -5.334% of the company’s market capitalization.

Positions in Blackstone Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 688 institutional holders increased their position in Blackstone Inc. [NYSE:BX] by around 20,625,262 shares. Additionally, 593 investors decreased positions by around 31,766,761 shares, while 227 investors held positions by with 372,277,581 shares. The mentioned changes placed institutional holdings at 424,669,604 shares, according to the latest SEC report filing. BX stock had 189 new institutional investments in for a total of 4,136,405 shares, while 56 institutional investors sold positions of 1,386,906 shares during the same period.