The Blackstone Group L.P. (NYSE:BX) registered a -0.30% decrease, still its new closing price is 41.24% up from the company’s 1 year high of 31.16.It posted -1.63% losses in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 15 stock analysts following this company have an average price target at $33.85, with individual PT in the $29.00-$38.00 range. The shares moved at $29.58, implying that brokerage firms see shares gaining about 31.24% in twelve months time.
The Blackstone Group L.P. (BX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 9.43% rise year to date. A Chief Legal Officer at The Blackstone Group L.P. (BX) offloaded shares in a transaction closed on Monday December 19, 2016. Finley John G sold 10,000 shares in the company at $29 each and collected $290,000 in proceeds. Finley John G now owns 140,745 shares in the company after this transaction. A Principal Accounting Officer in the company, SKERO KATHLEEN, disclosed a transaction on Wednesday September 07, 2016 that ended up generating $304,001 from the sale of 11,500 shares at $26.51 per share.
The Blackstone Group L.P. (NYSE:BX) Upcoming Results on Tap
The Blackstone Group L.P. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.70 in that period. Sales during the quarter are predicted to arrive at $1.62 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.39 billion in revenue and EPS of $0.57. The mean forecast was for $1.34 billion and $0.48 a share, respectively. One quarter earlier, revenue for the stock was at $1.17 billion, with earnings at $0.44/share.
The Blackstone Group L.P. (BX) Brokerage Update
The Blackstone Group L.P. (BX) is in Deutsche Bank’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Deutsche Bank, according to news reported on Friday March 11, 2016.Another important research note was issued by Oppenheimer on Friday October 16, 2015.The firm upgraded BX to Outperform from Perform. Over the last six months and over the last three months, the shares of The Blackstone Group L.P. (BX), have changed 20.50% and 27.92%, respectively.