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Blackstone Group LP (NYSE:BX) has been upgraded to Buy in a report by Citigroup Inc today.

Citigroup Inc has upgraded Blackstone Group LP (NYSE:BX) to Buy in a report released on 5/22/2017.

Previously on 5/2/2017, Vetr Inc. released a statement about Blackstone Group LP (NYSE:BX) increased the target price from $0.00 to $34.51. At the time, this indicated a possible upside of 0.12%.

Just yesterday Blackstone Group LP (NYSE:BX) traded -0.21% lower at $29.87. The company’s 50-day moving average is $32.61 and its 200-day moving average is $32.12. The last stock close price is down 2.52% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 2,088,360 shares of the stock were exchanged, down from an average trading volume of 3,119,010

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Blackstone Group LP (NYSE:BX)

Blackstone Group LP has a 52 week low of $23.33 and a 52 week high of $35.09 with a P/E ratio of 14.81 The company’s market cap is presently $0.

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, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $32.64.

Brief Synopsis On Blackstone Group LP (NYSE:BX)

The Blackstone Group L.P. is a global alternative asset manager. The Company's alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Private Equity segment includes its corporate private equity business, which consists of its corporate private equity funds, Blackstone Capital Partners (BCP) funds, its sector-focused corporate private equity funds, including its energy-focused funds, Blackstone Energy Partners (BEP) funds and its core private equity fund. The Blackstone Real Estate Partners funds target a range of opportunistic real estate and real estate related investments. The Hedge Fund Solutions segment consists of Blackstone Alternative Asset Management (BAAM). The Credit segment consists principally of GSO Capital Partners LP (GSO).

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