The Blackstone Group L.P. (NYSE:BX) PEG Ratio At 0.47

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Market experts has given a mean price target of $32.23 to The Blackstone Group L.P. (NYSE:BX) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $0.67 for the near-term quarter and $2.09 for this year.

Technical View

The technical assessment of The Blackstone Group L.P. Commo pinpoints that the 50-day moving average of The Blackstone Group L.P. (NYSE:BX) stock is $27.13, and is trading $-1.08 points away or -3.98% from 50-day moving average of $27.13. It is trading $-0.67 or -2.50% off 200-day MA of $26.72.

The 52-week high of The Blackstone Group L.P. (NYSE:BX) was $35.24 while $22.31 is the low point in the same period. The Blackstone Group L.P. Commo share price has to rise more than $-9.19 to register a high for 52-weeks or drop +16.76% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

The Blackstone Group L.P. (NYSE:BX) P/E ratio is 54.96 while PEG ratio is at 0.47. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

The Blackstone Group L.P. Commo stock recorded a close of $26.05 in last trading session, which brings it market cap to $16.36B.

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