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After finishing at $185.38 in the prior trading day, Blackstone Inc (NYSE: BX) closed at $177.78, down -4.10%. In other words, the price has decreased by -$4.10 from its previous closing price. On the day, 5.63 million shares were traded. BX stock price reached its highest trading level at $188.85 during the session, while it also had its lowest trading level at $176.11.
Ratios:
Our goal is to gain a better understanding of BX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 85.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 101.71. In the meantime, Its Debt-to-Equity ratio is 1.70 whereas as Long-Term Debt/Eq ratio is at 1.69.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on December 12, 2024, Downgraded its rating to Equal Weight and sets its target price to $195 from $188 previously.
On December 09, 2024, TD Cowen Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $149 to $230.
Piper Sandler Downgraded its Overweight to Neutral on October 09, 2024, while the target price for the stock was maintained at $149.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 12 ’24 when Blackstone Holdings IV L.P. sold 335,487 shares for $81.17 per share. The transaction valued at 27,233,157 led to the insider holds 204,333 shares of the business.
Finley John G sold 42,249 shares of BX for $7,433,289 on Nov 07 ’24. The Chief Legal Officer now owns 387,137 shares after completing the transaction at $175.94 per share. On Nov 07 ’24, another insider, Finley John G, who serves as the Officer of the company, bought 42,249 shares for $175.94 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BX now has a Market Capitalization of 217099616256 and an Enterprise Value of 165152751616. As of this moment, Blackstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 61.12, and their Forward P/E ratio for the next fiscal year is 25.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.50 while its Price-to-Book (P/B) ratio in mrq is 30.99. Its current Enterprise Value per Revenue stands at 14.827.
Stock Price History:
The Beta on a monthly basis for BX is 1.53, which has changed by 0.49067223 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, BX has reached a high of $200.96, while it has fallen to a 52-week low of $115.15. The 50-Day Moving Average of the stock is -1.96%, while the 200-Day Moving Average is calculated to be 19.33%.
Shares Statistics:
The stock has traded on average 3.25M shares per day over the past 3-months and 3038630 shares per day over the last 10 days, according to various share statistics. A total of 730.70M shares are outstanding, with a floating share count of 714.60M. Insiders hold about 41.08% of the company’s shares, while institutions hold 42.50% stake in the company. Shares short for BX as of 1736899200 were 12441859 with a Short Ratio of 3.83, compared to 1734048000 on 15554855. Therefore, it implies a Short% of Shares Outstanding of 12441859 and a Short% of Float of 1.73.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.47.
