BX stock: buy or sell?
August 23rd, 2019
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:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-8||JMP Securities||Outperform||Market Perform|
BX stock analysis
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.
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 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 $47.30Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-9||Morgan Stanley||Raises Target||$50.00||$54.00||8%|
|2019-7-19||Morgan Stanley||Raises Target||$54.00||$56.00||3.7%|
|2019-7-19||Deutsche Bank||Raises Target||$42.00||$45.00||7.1%|
|2019-6-5||Morgan Stanley||Raises Target||$45.00||$50.00||11.1%|
|2019-4-22||Morgan Stanley||Raises Target||$40.00||$45.00||12.5%|
|2019-1-4||Morgan Stanley||Lowers Target||$42.00||$36.00||-14.3%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on April, The Blackstone climbed an exceptional 38.95%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%
|2013||$6,210 M||-||$1,170 M18.8%||-|
|2014||$7,485 M||20.53%||$1,585 M21.2%||35.44%|
|2015||$4,647 M||-37.92%||$710 M15.3%||-55.21%|
|2016||$5,126 M||10.31%||$1,039 M20.3%||46.41%|
|2017||$7,005 M||36.67%||$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 resultsThe 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.
|2017-Q1||$2,040 M||-||$462 M22.6%||-|
|2017-Q2||$1,590 M||-22.06%||$343 M21.6%||-25.78%|
|2017-Q3||$1,650 M||3.77%||$385 M23.3%||12.21%|
|2017-Q4||$1,933 M||17.17%||$304 M15.7%||-21.07%|
|2018-Q1||$1,734 M||-10.32%||$368 M21.2%||21.17%|
|2018-Q2||$2,633 M||51.84%||$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 ownershipWhen 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:
|Market cap||$32.2 B||$7.3 B||$1.8 B||$3.2 B||$289.6 M|
|Total shares||658.9 M||200.4 M||80.4 M||41.1 M||21.1 M|
|Float shares||669.5 M||143.6 M||106.8 M||39.3 M||16.2 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$48.57 - $50.02|
|Average true range||$1.42|
|50d mov avg||$46.34|
|100d mov avg||$42.47|
|200d mov avg||$37.06|
The Blackstone performancePerformance 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.
|APOApollo Global Man...||16.77%||29.19%||12.46%|
The Blackstone competitorsWe 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
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