The Blackstone Group L.P. (NYSE:BX) Projected EPS At $0.6700 For Next Quarter


The Blackstone Group L.P. (NYSE:BX) has a mean price target of $32.2300 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.6700 a share for the very next quarter and $2.0800 for this year.

Technical View

The technical study of The Blackstone Group L.P. Commo demonstrates that the 50-day moving average of The Blackstone Group L.P. (NYSE:BX) stock is $27.3029, and is trading $-1.6493 points away or -6.0407% from 50-day moving average of $27.3029. It is trading $-1.1127 or -4.1571% away 200-day moving average of $26.7663.

The 52-week high of The Blackstone Group L.P. (NYSE:BX) was $36.0400 while $22.3100 is the low mark in the same period. It state The Blackstone Group L.P. Commo share price has to surge more than $-10.3864 to hit 52-week high or drop +14.9870% to make a 52-week mark. MA here hints at moving average.

Taking the valuation part to reach the estimation of The Blackstone Group L.P. Commo, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. The Blackstone Group L.P. (NYSE:BX) ratio came in at 54.1215, after dividing current equity price by yearly earnings. The Blackstone Group L.P. Commo stock recorded a close of $25.6536 in last trading session, registering a market cap of $16.11B.

The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.

Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. The Blackstone Group L.P. (NYSE:BX) PEG ratio is at 0.4900.

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