The Blackstone Group L.P. (BX) : The consensus on The Blackstone Group L.P. (BX) based on 11 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
The Blackstone Group L.P. (BX) stock is expected to deviate a maximum of $3.33 from the average target price of $32.25 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $38 and the most muted being $27.
For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains its rating on The Blackstone Group L.P. (NYSE:BX). The global brokerage major raises the current price target from $29 per share to $33 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The rating by the firm was issued on August 9, 2016.
The Blackstone Group L.P. (NYSE:BX): stock was range-bound between the intraday low of $26.39 and the intraday high of $26.8 after having opened at $26.76 on Wednesdays session. The stock finally closed in the red at $26.76, a loss of -0.30%. The stock remained in the red for the whole trading day. The total traded volume was 2,542,341 shares. The stock failed to cross $26.8 in Wednesdays trading. The stocks closing price on Thursday was $26.7.
The Blackstone Group L.P. is a global alternative asset manager. The Companys alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds mandates. The Companys segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Companys Private Equity segment focuses on identifying, managing and creating lasting value for its investors. The Company manages a number of global, European and Asian focused opportunistic real estate funds, several real estate debt investment funds, a real estate investment trust (BXMT). The Companys Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.