A statement released earlier today by Zacks Investment Research about Blackstone Group LP (NYSE:BX) raises the target price to $28.00
- Updated: October 4, 2016
In a report issued 10/04/2016 Zacks Investment Research upped the price target of Blackstone Group LP (NYSE:BX) to $28.00 reporting a potential upside of 0.12%.
On Wednesday September 21, 2016, Vetr Inc. released a statement on Blackstone Group LP (NYSE:BX) upped the target price from $0.00 to $29.22 that suggested an upside of 0.11%.
Having a price of $24.98, Blackstone Group LP (NYSE:BX) traded -0.40% lower on the day. With the last close down -5.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Blackstone Group LP has recorded a 50-day average of $26.67 and a two hundred day average of $26.55. Volume of trade was down over the average, with 2,741,905 shares of BX changing hands under the typical 3,883,000
With a total market value of $0, Blackstone Group LP has price-earnings ratio of 52.93 with a one year low of $22.31 and a one year high of $35.24 .
A total of 14 analysts have released a report on Blackstone Group LP. Five analysts rating the company a strong buy, eight analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $32.64.
More About Blackstone Group LP (NYSE:BX)
The Blackstone Group L.P. (Blackstone) is a global alternative asset manager. The Company's alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and other multi-asset class strategies. Its segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. Its Private Equity segment focuses on identifying, managing and creating lasting value for its investors. Its Private Equity segment includes corporate private equity funds, tactical opportunities, strategic partners and Blackstone Total Alternatives Solution (BTAS). Its Real Estate segment manages various global, European and Asian focused opportunistic real estate funds, several real estate debt investment funds and core and real estate investments. Its Hedge Fund Solutions group comprises Blackstone Alternative Asset Management. Its Credit segment consists of GSO Capital Partners LP (GSO).
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