Blackstone (NYSE:BX – Get Rating) had its price target decreased by Morgan Stanley from $113.00 to $110.00 in a research report sent to investors on Tuesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the asset manager’s stock.
A number of other analysts have also commented on the company. CICC Research began coverage on Blackstone in a research report on Thursday, January 12th. They issued an outperform rating for the company. BMO Capital Markets lowered their price objective on Blackstone from $90.00 to $85.00 and set a market perform rating for the company in a research report on Thursday, January 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Blackstone from $127.00 to $128.00 and gave the stock a buy rating in a research report on Tuesday, November 15th. Piper Sandler lowered their price objective on Blackstone from $114.00 to $111.00 and set an overweight rating for the company in a research report on Wednesday, December 21st. Finally, Barclays raised their target price on Blackstone from $80.00 to $86.00 and gave the stock an equal weight rating in a report on Thursday, January 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Blackstone currently has a consensus rating of Hold and an average target price of $109.03.
Blackstone Stock Performance
Shares of NYSE:BX opened at $88.22 on Tuesday. Blackstone has a twelve month low of $71.72 and a twelve month high of $138.95. The firm has a market cap of $61.91 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.85. The business has a fifty day moving average of $81.81 and a 200-day moving average of $90.26.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in BX. Mach 1 Financial Group LLC acquired a new position in shares of Blackstone during the 3rd quarter worth approximately $25,000. SJS Investment Consulting Inc. acquired a new position in shares of Blackstone during the 3rd quarter worth approximately $26,000. HWG Holdings LP acquired a new position in shares of Blackstone during the 3rd quarter worth approximately $28,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Blackstone during the 3rd quarter worth approximately $29,000. Finally, Trust Co. of Vermont increased its holdings in shares of Blackstone by 133.3% during the 3rd quarter. Trust Co. of Vermont now owns 350 shares of the asset manager’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 62.39% of the company’s stock.
Blackstone Company Profile
Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.
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