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Blackstone Group LP (NYSE:BX) has been downgraded to Hold in a report by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Blackstone Group LP (NYSE:BX) to Hold in a statement released on 10/07/2016.

On Tuesday October 04, 2016, Zacks Investment Research released a statement for Blackstone Group LP (NYSE:BX) bumped up the target price from $0.00 to $28.00 that suggested an upside of 0.12%.

Boasting a price of $24.77, Blackstone Group LP (NYSE:BX) traded -0.59% lower on the day. With the last stock price close down -7.02% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Blackstone Group LP has recorded a 50-day average of $26.42 and a two hundred day average of $26.50. Volume of trade was down over the average, with 1,708,513 shares of BX changing hands under the typical 3,669,360

Performance Chart

Blackstone Group LP (NYSE:BX)

With a total market value of $0, Blackstone Group LP has price-earnings ratio of 51.99 with a one year low of $22.31 and a one year high of $35.00 .

A total of 14 equity analysts have released a ratings update on BX. Five equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $32.64.

Brief Synopsis 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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