Blackstone Inc (NYSE: BX) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 719.36M common shares owned by the public and among those 707.24M shares have been available to trade.

The company’s stock has a 5-day price change of 4.82% and 18.06% over the past three months. BX shares are trading 10.64% year to date (YTD), with the 12-month market performance up to 39.20% higher. It has a 12-month low price of $87.84 and touched a high of $142.04 over the same period. BX has an average intraday trading volume of 3.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.38%, 15.15%, and 20.70% respectively.

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Institutional ownership of Blackstone Inc (NYSE: BX) shares accounts for 41.16% of the company’s 719.36M shares outstanding.

It has a market capitalization of $174.64B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 54.80, while the earnings-per-share (ttm) stands at $2.62. The company has a PEG of 2.33 and the debt-to-equity ratio at 1.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.46% over the week and 2.41% over the month.

Earnings per share for the fiscal year are expected to increase by 15.74%, and 29.08% over the next financial year. EPS should grow at an annualized rate of 23.48% over the next five years, compared to -4.02% over the past 5-year period.

Looking at the support for the BX, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on April 02, 2024, with the firm’s price target at $140-$135. Citigroup coverage for the Blackstone Inc (BX) stock in a research note released on January 19, 2024 offered a Neutral rating with a price target of $124. Oppenheimer was of a view on January 11, 2024 that the stock is Perform, while TD Cowen gave the stock Market Perform rating on January 04, 2024, issuing a price target of $118. Goldman on their part issued Neutral rating on January 03, 2024.

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