BX stock: buy or sell?

BX stock price: $48.80 -2.01% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

5

After yesterday all time highs, The Blackstone dropped lightly to $48.80. Friday broke a green streak of 4 days.

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The firm also provides financial advisory services to its clients.

Should I buy BX stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading strategy that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

These 2 buy setups match with The Blackstone stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is The Blackstone stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we collected 9 ratings published for BX stock in the last 30 days.

The general sentiment of these ratings is bullish for BX stock, with 7 positive ratings.
Is BX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-5BarclaysOverweightOverweight
2019-7-9Morgan Stanleyn/aOverweight
2019-7-8JMP SecuritiesOutperformMarket Perform
2019-7-19Morgan Stanleyn/aOverweight
2019-7-19Deutsche Bankn/aHold
2019-6-5Morgan Stanleyn/aOverweight
2019-4-22Morgan Stanleyn/aOverweight
2019-1-4Morgan Stanleyn/aBuy
2019-1-4Morgan StanleyOverweightOverweight

BX stock analysis

Daily outlook

The Blackstone dropped -2.01% today to $48.80 after topping to all time highs yesterday.

After yesterday all time highs, The Blackstone dropped lightly to $48.80. Since SMA100d and SMA200d crossed up on May, BX price climbed $9.13 per share (23.01%). From a daily perspective, BX is in a short term uptrend after plotting its last bottom ($45.28, on August 15th) higher than the previous bottom, and its last top ($50.08, yesterday) also over the previous top. Now trading in between its last bottom and last top BX might consolidate in a plain range, waiting to break out over $50.08 or down under $45.28. Yesterday, BX hit new all time highs, pushing higher previous ATH of $50.02 recorded on Aug 21st. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

BX stock chart (daily)

Weekly outlook

Shares of The Blackstone ended this week at $48.80 after marking a new all time high ($50.08) and soared an excellent 3.32%. Late July BX boosted an amazing 8.26% in just one week. Late July BX collapsed a hair-raising -5.66% in just one week.

BX shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $43.47 early August. Previous top ($49.55) will play as a resistance in possible new gains. Late April, SMA20w and SMA40w crossed up triggering a rise of 22.61%. Since mid January when BX stock price broke up the SMA40w line, it gained $17.96 (58.24%).

BX stock chart (weekly)

BX stock price history

BX stock went public on June 22nd, 2007 with a price of $16.281. Since then, BX stock grew a 199.80%, with an average of 16.70% per year. If you had invested $1,000 in BX stock in 2007, it would worth $1,998.00 today.

1: Adjusted price after possible price splits or reverse-splits.

BX stock historical price chart

BX stock reached all-time highs yesterday with a price of $50.08.

BX stock price target is $47.30

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 8 price targets for The Blackstone stock released in the last 30 days:
BX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-5BarclaysInitiatesn/a$56.00-
2019-7-9Morgan StanleyRaises Target$50.00$54.008%
2019-7-19Morgan StanleyRaises Target$54.00$56.003.7%
2019-7-19Deutsche BankRaises Target$42.00$45.007.1%
2019-6-5Morgan StanleyRaises Target$45.00$50.0011.1%
2019-4-22Morgan StanleyRaises Target$40.00$45.0012.5%
2019-1-4Morgan StanleyReiteratesn/a$36.00-
2019-1-4Morgan StanleyLowers Target$42.00$36.00-14.3%
(in average)$45.50$47.304.0%
The price forecast for The Blackstone stock is $47.30, moving in a range between $56.00 and $36.00. In average, analysts' outlook on BX price forecast is positive, upgrading the prediction by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, The Blackstone climbed an exceptional 38.95%. Unfortunately, reported EPS is not yet available in our database.
BX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.74n/a
2017-Q2-n/a0.55n/a
2017-Q32017-10-190.540.6927.8%
2017-Q42018-02-010.670.716.0%
2018-Q12018-04-190.460.6541.3%
2018-Q22018-07-190.730.923.3%
2018-Q32018-10-180.730.764.1%
2018-Q42019-01-310.03-0.02n/a
2019-Q12019-04-170.56n/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, The Blackstone annual sales declined a rough -4.91% to $6,661.31 M USD from $7,005.32 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) inched a 2.14% to 23.15%.

To have an up to date picture of the financial situation of The Blackstone, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual The Blackstone TTM sales up to were $4,892.18 and earnings were $1,173.92 million USD. When comparing this TTM figures with the last reported annuality, we can esteem The Blackstone business evolution since December 2018: Annual revenues up to , compared to lastest yearly report, plummed a scary -26.56%. Regarding profit margin, The Blackstone stayed constant 0.85% to 23.15%

BX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$6,210 M-$1,170 M18.8%-
2014$7,485 M20.53%$1,585 M21.2%35.44%
2015$4,647 M-37.92%$710 M15.3%-55.21%
2016$5,126 M10.31%$1,039 M20.3%46.41%
2017$7,005 M36.67%$1,471 M21.0%41.58%
2018$6,661 M-4.91%$1,542 M23.1%4.79%
TTM $4,892 M-26.56%$1,174 M24.0%-23.86%

Quarterly financial results

The Blackstone reported M in sales for 2019-Q1, a -100.00% less compared to previous quarter. Reported quarter income marked M with a profit margin of . Profit margin stayed stable a 0.00% compared to previous quarter when profit margin was -3.26%. When comparing sales to same quarter last year, The Blackstone sales marked a dreadful drop down and collapsed a -100.00%. Looking back to recent quarterly results, The Blackstone posted 3 negative quarters in a row.
BX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$2,040 M-$462 M22.6%-
2017-Q2$1,590 M-22.06%$343 M21.6%-25.78%
2017-Q3$1,650 M3.77%$385 M23.3%12.21%
2017-Q4$1,933 M17.17%$304 M15.7%-21.07%
2018-Q1$1,734 M-10.32%$368 M21.2%21.17%
2018-Q2$2,633 M51.84%$742 M28.2%101.71%
2018-Q3$1,927 M-26.82%$443 M23.0%-40.33%
2018-Q4$333 M-82.71%$-11 M-3.3%-102.45%

The Blackstone ownership

When you are planning to invest in a stock, it's always worth to overview its ownership structure.

The Blackstone shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.50% of all shares.

In case of The Blackstone stock, 51.77% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for BX stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

BXAPOCGEVRGHL
Market cap$32.2 B$7.3 B$1.8 B$3.2 B$289.6 M
Total shares658.9 M200.4 M80.4 M41.1 M21.1 M
Float shares669.5 M143.6 M106.8 M39.3 M16.2 M
  - Institutional holdings (%)51.8%74.1%50.0%0.0%93.8%
  - Insider holdings (%)0.5%2.3%26.6%8.9%20.9%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

BX summary

Friday, August 23rd, 2019
Open$49.81
Close$48.80
Day range$48.57 - $50.02
Previous close$49.80
Session gain-2.01%
Average true range$1.42
50d mov avg$46.34
100d mov avg$42.47
200d mov avg$37.06
Daily patternlt06a
Weekly pattern lb03a

The Blackstone performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We chose Apollo Global Management, The Carlyle, Evercore, Greenhill and Lazard as the bechmarking frame for The Blackstone stock.
Stock3m6m12m
BXThe Blackstone21.21%47.79%43.49%
APOApollo Global Man...16.77%29.19%12.46%
CGThe Carlyle14.26%28.51%1.61%
EVREvercore-2.98%-13.20%-25.49%
GHLGreenhill-16.16%-42.61%-53.20%
LAZLazard5.24%-2.89%-25.16%

The Blackstone competitors

We chose a few stocks to conform a list of The Blackstone competitors to check if you are interested in investing in BX:

Latest BX stock news