Blackstone Inc [BX] moved up 1.39: Why It’s Important

Blackstone Inc [NYSE: BX] closed the trading session at $127.84. The company report on February 7, 2024 at 8:30 AM that Blackstone to Present at the Bank of America Securities Financial Services Conference 2024.

Blackstone (NYSE:BX) announced today that Michael Chae, Chief Financial Officer, is scheduled to present at the Bank of America Securities 2024 Financial Services Conference on Wednesday, February 21, 2024 at 2:30pm ET.

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A live webcast of the presentation will be available on the Shareholders section of Blackstone’s website at http://ir.blackstone.com. For those unable to listen to the live webcast, a replay will be available on Blackstone’s website shortly after the event.

The stocks have a year to date performance of -2.35 percent and weekly performance of 2.85 percent. The stock has been moved at 28.25 percent over the last six months. The stock has performed 5.65 percent around the most recent 30 days and changed 29.22 percent over the most recent 3-months.

If compared to the average trading volume of 3.60M shares, BX reached to a volume of 3433462 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 $126.11 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 2.08. 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.

Citigroup have made an estimate for Blackstone Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 19, 2024.

The Average True Range (ATR) for Blackstone Inc is set at 3.27, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 14.94. The Price to Book ratio for the last quarter was 22.82, with the Price to Cash per share for the same quarter was set at 2.71. Price to Free Cash Flow for BX in the course of the last twelve months was 116.27.

BX stock trade performance evaluation

Blackstone Inc [BX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.85. With this latest performance, BX shares gained by 5.65% in over the last four-week period, additionally plugging by 28.25% over the last 6 months – not to mention a rise of 33.82% 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 60.70, with the RSI for the last a single of trading hit 63.88, and the three-weeks RSI is set at 59.45 for Blackstone Inc [BX]. The present Moving Average for the last 50 days of trading for this stock 121.88, while it was recorded at 124.62 for the last single week of trading, and 103.75 for the last 200 days.

Earnings per share (EPS) analysis for Blackstone Inc [BX] stock

With the latest financial reports released by the company, Blackstone Inc posted 0.97/share EPS, while the average EPS was predicted by analysts to be reported at 0.96/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.00%. 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 Blackstone Inc go to 12.25%.

Blackstone Inc [BX]: Institutional Ownership

The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BX stock with ownership which is approximately 5.8325%.