The Blackstone Group L.P. (BX) : 5 brokerage houses believe that The Blackstone Group L.P. (BX) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on The Blackstone Group L.P. (BX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.75.
The Blackstone Group L.P. (BX) : The highest level The Blackstone Group L.P. (BX) is projected to reach is $38 for the short term and the lowest estimate is at $26. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $31.71 and the possibility the share price can swing is $4.03.
The Blackstone Group L.P. (NYSE:BX): The stock opened at $23.01 on Wednesday but the bulls could not build on the opening and the stock topped out at $23.07 for the day. The stock traded down to $22.45 during the day, due to lack of any buying support eventually closed down at $22.96 with a loss of -1.25% for the day. The stock had closed at $23.25 on the previous day. The total traded volume was 13,704,744 shares.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of The Blackstone Group L.P. (NYSE:BX). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $26 per share from a prior target of $28. The rating by the firm was issued on June 16, 2016. The company shares have dropped -39.77% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $42.60 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $25.50 and the 200 Day Moving Average price is recorded at $26.69.
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.