Why The Blackstone Group L.P. (NYSE:BX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $32.23 on The Blackstone Group L.P. (NYSE:BX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.08 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of The Blackstone Group L.P. (NYSE:BX) stands at 57.00.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For The Blackstone Group L.P. Commo, the PEG ratio for coming 3-5 years is 0.50.

Technical Analysis

The technical analysis highlights that The Blackstone Group L.P. Commo current is trading $-0.16 points away or -0.60% from its 50-day moving average of $27.18. Further it is trading $0.29 or +1.07% away its 200-day moving average of $26.73.

The 52-week high of The Blackstone Group L.P. (NYSE:BX) was $36.04 while lowest point recorded in 52-week was $22.31. It implies if stock price makes a movement of over $-9.02, it will record a new 52-week high. In the case of +21.11% drop, it will touch a new 52-week low.

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