Growing Through Challenges? – Blackstone Inc (BX)

Currently, there are 719.36M common shares owned by the public and among those 712.71M shares have been available to trade.

The company’s stock has a 5-day price change of 6.22% and 16.91% over the past three months. BX shares are trading 9.17% year to date (YTD), with the 12-month market performance up to 44.00% higher. It has a 12-month low price of $87.55 and touched a high of $144.69 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 5.01%, 7.77%, and 14.50% respectively.

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Institutional ownership of Blackstone Inc (NYSE: BX) shares accounts for 42.65% of the company’s 719.36M shares outstanding.

It has a market capitalization of $172.52B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 53.90, while the earnings-per-share (ttm) stands at $2.62. The company has a PEG of 2.29 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 2.12% over the week and 2.78% over the month.

Earnings per share for the fiscal year are expected to increase by 15.29%, and 29.03% over the next financial year. EPS should grow at an annualized rate of 23.50% 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. Redburn Atlantic stated their Neutral rating for the stock in a research note on Aug-28-24, with the firm’s price target at $134. UBS coverage for the Blackstone Inc (BX) stock in a research note released on April 02, 2024 offered a Neutral rating with a price target of $135. TD Cowen on their part issued Market Perform rating on January 04, 2024.

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