Market Analysts see Blackstone Inc. [BX] gaining to $135. Time to buy?


Blackstone Inc. [NYSE: BX] traded at a high on 06/02/22, posting a 4.84 gain after which it closed the day’ session at $121.71. The company report on June 2, 2022 that Building a Community with OUT Blackstone.

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We sat down with Marshall Sprung, Chair of OUT Blackstone, to discuss how the affinity network supports employees and engages diverse groups in the communities where Blackstone works and operates.

The results of the trading session contributed to over 4364932 shares changing hands. Over the past one week, the price volatility of Blackstone Inc. stands at 4.49% while the volatility over the past one month is 5.06%.

The market cap for BX stock reached $144.18 billion, with 734.33 million shares outstanding and 705.28 million shares in the current float. Compared to the average trading volume of 4.73M shares, BX reached a trading volume of 4364932 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $148.58 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.

Exane BNP Paribas have made an estimate for Blackstone Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 07, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. 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 $135, while Wells Fargo analysts kept a Equal Weight rating on BX stock.

The Average True Range (ATR) for Blackstone Inc. is set at 5.44, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 6.44. The Price to Book ratio for the last quarter was 9.26, with the Price to Cash per share for the same quarter was set at 3.36.

How has BX stock performed recently?

Blackstone Inc. [BX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.60. With this latest performance, BX shares gained by 13.09% in over the last four-week period, additionally sinking by -11.58% over the last 6 months – not to mention a rise of 31.83% 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 61.78, with the RSI for the last a single of trading hit 67.49, and the three-weeks RSI is set at 57.70 for Blackstone Inc. [BX]. The present Moving Average for the last 50 days of trading for this stock 113.25, while it was recorded at 118.99 for the last single week of trading, and 123.63 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and Blackstone Inc. [BX] shares currently have an operating margin of +109.08 and a Gross Margin at +98.91. Blackstone Inc.’s Net Margin is presently recorded at +46.52.

Return on Equity for this stock inclined to 72.88, with Return on Assets sitting at 17.36.

Earnings analysis for Blackstone Inc. [BX]

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 19.80%.

Insider trade positions for Blackstone Inc. [BX]

There are presently around $51,676 million, or 64.50% of BX stock, in the hands of institutional investors. The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 44,984,296, which is approximately 12.641% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 38,236,401 shares of the stock with an approximate value of $4.44 billion in BX stocks shares; and MORGAN STANLEY, currently with $2.31 billion in BX stock with ownership of nearly -4.579% of the company’s market capitalization.

Positions in Blackstone Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 872 institutional holders increased their position in Blackstone Inc. [NYSE:BX] by around 54,687,725 shares. Additionally, 658 investors decreased positions by around 42,027,628 shares, while 270 investors held positions by with 348,422,800 shares. The mentioned changes placed institutional holdings at 445,138,153 shares, according to the latest SEC report filing. BX stock had 162 new institutional investments in for a total of 23,039,788 shares, while 110 institutional investors sold positions of 7,436,776 shares during the same period.