BX stock: buy or sell?
February 21st, 2020
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. Having a trading plan helps to make decisions easier, quicker and with less hesitations. 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, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is The Blackstone stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't find any rating for BX stock for the last month.
BX stock analysis
The Blackstone fell a rough -1.92% and closed at $61.25.
The Blackstone closed on February/21 at $61.25 and fell a rough -1.92%. On October BX price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On February/11, BX hit a new all time high, pushing higher than on Feb/10 tops. Check different trading setups that use ATHs as triggers.
The Blackstone ended this week at $61.25 and eased a tragic -2.70%. By mid January BX rocketed a wonderful 5.00% in just one week.
The Blackstone stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, BX might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high The Blackstone marked last week. Since SMA20d and SMA40w crossed up late April 2019, BX price climbed $22.19 per share (56.81%). Since mid October 2019 when BX stock price broke up the SMA20w line, it gained $15.02 (32.49%).
BX stock price history
BX IPO was on June 22nd, 2007 at $15.97 per share1. Since then, BX stock grew a 283.50%, with an average of 23.60% per year. If you had invested right after BX's IPO a $1,000 in BX stock in 2007, it would worth $2,835.00 today.
1: Adjusted price after possible price splits or reverse-splits.
BX stock historical price chart
BX stock reached all-time highs on February 11th with a price of $64.97.
BX stock price targetPredicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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 have not found any price forecast for The Blackstone stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when The Blackstone presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a fatal correction of -4.91% to $6,661.31 million dollars. However, its profit margin (compared to sales) grew to 23.15%, that is $1,541.79 million. To have an updated 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 income was $1,173.92 million dollars. When comparing this TTM figures with the last reported annuality, we can review The Blackstone business evolution since December 2018: Annual turnover up to , compared to lastest yearly report, plummed a chilling -26.56%. Regarding profit margin, The Blackstone remained stable 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 posted million in sales for 2019-Q1, a -100.00% less compared to previous quarter. Reported quarter earnings marked million with a profit margin of . Profit margin remained steady a 0.00% compared to previous quarter when profit margin was -3.26%. When comparing revenues to same quarter last year, The Blackstone sales marked a scary loss and collapsed a -100.00%. Looking back to recent quarterly results, The Blackstone posted 3 positive 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 buy a company, it's always worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For The Blackstone, 0.83% of all outstanding shares are owned by its staff.
In case of The Blackstone stock, 58.65% 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 following table shows ownership data compared to other related companies:
|Market cap||$41.1 B|
|Total shares||671.2 M|
|Float shares||679.8 M|
|- Institutional holdings (%)||58.7%|
|- Insider holdings (%)||0.8%|
|Shares in short selling||0.0%|
|Friday, February 21st, 2020|
|Day range||$60.98 - $62.18|
|Average true range||$1.53|
|50d mov avg||$58.69|
|100d mov avg||$54.42|
|200d mov avg||$49.73|
The Blackstone performanceTo measure stock performance is always good to compare with competitors or related stocks. We picked as the bechmarking frame for The Blackstone stock.
The Blackstone competitorsUnfortunately, 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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