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The closing price of Blackstone Inc (NYSE: BX) was $140.58 for the day, up 0.36% from the previous closing price of $140.08. In other words, the price has increased by $0.36 from its previous closing price. On the day, 2.74 million shares were traded. BX stock price reached its highest trading level at $141.54 during the session, while it also had its lowest trading level at $139.715.
Ratios:
Our analysis of BX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 66.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 88.36. In the meantime, Its Debt-to-Equity ratio is 1.73 whereas as Long-Term Debt/Eq ratio is at 1.72.
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 this company, Redburn Atlantic on August 27, 2024, initiated with a Neutral rating and assigned the stock a target price of $134.
On April 02, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $140 to $135.
Citigroup Downgraded its Buy to Neutral on January 19, 2024, whereas the target price for the stock was revised from $116 to $124.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 21 ’24 when Blackstone Inc. sold 30,539,203 shares for $16.58 per share. The transaction valued at 506,339,986 led to the insider holds 31,805 shares of the business.
Finley John G sold 35,000 shares of BX for $4,610,900 on Aug 07 ’24. The Chief Legal Officer now owns 429,386 shares after completing the transaction at $131.74 per share. On Aug 07 ’24, another insider, Finley John G, who serves as the Officer of the company, bought 35,000 shares for $131.74 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 171704418304 and an Enterprise Value of 123189354496. As of this moment, Blackstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.64, and their Forward P/E ratio for the next fiscal year is 23.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.30 while its Price-to-Book (P/B) ratio in mrq is 25.18. Its current Enterprise Value per Revenue stands at 12.498.
Stock Price History:
Over the past 52 weeks, BX has reached a high of $144.69, while it has fallen to a 52-week low of $87.55. The 50-Day Moving Average of the stock is 6.63%, while the 200-Day Moving Average is calculated to be 13.56%.
Shares Statistics:
BX traded an average of 3.32M shares per day over the past three months and 2927210 shares per day over the past ten days. A total of 719.36M shares are outstanding, with a floating share count of 712.71M. Insiders hold about 41.65% of the company’s shares, while institutions hold 42.65% stake in the company. Shares short for BX as of 1723680000 were 16990728 with a Short Ratio of 5.12, compared to 1721001600 on 17492025. Therefore, it implies a Short% of Shares Outstanding of 16990728 and a Short% of Float of 2.3699999.
Dividends & Splits
With its trailing 12-month dividend rate of 3.39, BX has a forward annual dividend rate of 1.49. Against a Trailing Annual Dividend Yield of 0.024200458The stock’s 5-year Average Dividend Yield is 3.61.
Earnings Estimates
The market rating for Blackstone Inc (BX) is a result of the insights provided by 17.0 analysts actively involved in the assessment.The consensus estimate for the next quarter is $1.53, with high estimates of $1.79 and low estimates of $1.36.
Analysts are recommending an EPS of between $4.87 and $4.34 for the fiscal current year, implying an average EPS of $4.54. EPS for the following year is $5.93, with 19.0 analysts recommending between $6.54 and $5.38.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $2.89B to a low estimate of $2.62B. As of the current estimate, Blackstone Inc’s year-ago sales were $2.51BFor the next quarter, 5 analysts are estimating revenue of $3.91B. There is a high estimate of $4.06B for the next quarter, whereas the lowest estimate is $3.77B.
A total of 9 analysts have provided revenue estimates for BX’s current fiscal year. The highest revenue estimate was $12.32B, while the lowest revenue estimate was $11.22B, resulting in an average revenue estimate of $11.86B. In the same quarter a year ago, actual revenue was $9.69BBased on 8 analysts’ estimates, the company’s revenue will be $14.65B in the next fiscal year. The high estimate is $16.33B and the low estimate is $13.78B.
