BX stock: buy or sell?

BX stock price: $51.98 -0.73% At close on November 19th, 2019

Updated on:
November 19th, 2019

4

The Blackstone depreciated a lame -0.73% and closed at $51.98. With Tuesday it's been 3 red days in a row.

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?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with The Blackstone stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is The Blackstone stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 12 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
2019-9-9Citigroupn/aBuy
2019-9-24S&P Equity ResearchOutperformMarket Perform
2019-9-24OppenheimerOutperformMarket Perform
2019-9-23Bank of American/aBuy
2019-9-18CitigroupBuyNeutral
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

BX stock analysis

Daily outlook

The Blackstone depreciated a lame -0.73% and closed at $51.98.

The Blackstone shares depreciated -0.73% to $51.98 today. On Oct/17 BX price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On September, BX hit a new all time high, pushing higher than on September tops. Check different trading setups that use ATHs as triggers.

BX stock chart (daily)

Weekly outlook

Shares of The Blackstone decreased a disappointing -1.03% this week. Late October BX boosted an astounding 8.46% in just one week. Late September BX plunged a dreadful -7.01% in just one week.

Not so far away is the last all-time high The Blackstone marked by mid September. Since late April when SMA20w and SMA40w crossed up, BX price gained $12.54 per share (31.80%). Since price and SMA40w lines crossed up by mid January, BX climbed $21.42 (70.09%).

BX stock chart (weekly)

BX stock price history

BX stock went public on June 22nd, 2007 with a price of $16.131. Since then, BX stock surged a 222.30%, with an average of 18.50% per year. If you had invested right after BX's IPO a $1,000 in BX stock in 2007, it would worth $2,223.00 today.

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

BX stock historical price chart

BX stock reached all-time highs on September with a price of $54.66.

BX stock price target is $51.90

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 9 price predictions for The Blackstone stock:
BX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-9CitigroupRaises Target$51.50$52.001%
2019-9-23Bank of AmericaRaises Target$50.00$57.0014%
2019-9-18CitigroupDowngradesn/a$52.00-
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%
(in average)$47.50$51.909.0%
Moving in a range from $57.00 and $45.00, the price prediction for The Blackstone stock is $51.90. In average, analysts' outlook on BX price forecast is positive, increasing the forecast by a 9.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, The Blackstone . As soon as we get its actual EPS from the earnings report, we will update this review.
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 turnover declined a fatal -4.91% to $6,661.31 M USD from $7,005.32 marked in 2017. Instead, its profit margin (compared to sales) gained to 23.15%, that is $1,541.79 million.

To have an updated view 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 dollars. If we compare this TTM figures with the last reported annuality, we can esteem The Blackstone business evolution since December 2018: Annual sales up to , compared to lastest yearly report, collapsed a chilling -26.56%. Instead, profit margin (net income/sales) remained steady at 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 million in revenues for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter earnings marked M with a profit margin of . Profit margin remained constant 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 decrease and plummed a -100.00%. Looking back to recent quarterly results, The Blackstone posted 3 positive 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 buy shares of a stock, it's always worth to check 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 context understanding, the next table shows ownership data compared to other related stocks:

BX
Market cap$34.6 B
Total shares666.3 M
Float shares664.9 M
  - Institutional holdings (%)51.8%
  - Insider holdings (%)0.5%
Shares in short selling0.0%

BX summary

Tuesday, November 19th, 2019
Open$52.39
Close$51.98
Day range$51.64 - $52.67
Previous close$52.36
Session gain-0.73%
Average true range$0.99
50d mov avg$50.38
100d mov avg$48.78
200d mov avg$42.80
Daily patternlt02a
Weekly pattern

The Blackstone performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For The Blackstone, the comparison is made against .
Stock3m6m12m
BXThe Blackstone7.49%30.31%67.30%

The Blackstone competitors

Unfortunately, we could not find any public company that could be defined as The Blackstone competitor. This doesn't mean The Blackstone does not have any competitor in the market, it's just we could not detected it.

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