The Blackstone Group L.P. (BX) Earning Favorable Media Coverage, Analysis Shows
Media stories about The Blackstone Group L.P. (NYSE:BX) have been trending positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Blackstone Group L.P. earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 46.6683036534501 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Contrasting The Blackstone Group L.P. (BX) & its Peers (americanbankingnews.com)
- Mid-Day ETF Update: ETFs, Stocks Mixed as Worries Over Effects of Harvey, Irma Continue to Sour Market Sentiment – Nasdaq (nasdaq.com)
- Market price of The Blackstone Group LP (BX) share is reasonable or not? – Street Observer (press release) (streetobserver.com)
- Should You Be Tempted To Buy The Blackstone Group LP (BX) At Its Current Price? (finance.yahoo.com)
- Blackstone Plans Sale of $330 Million London Office (bloomberg.com)
The Blackstone Group L.P. (NYSE:BX) opened at 31.61 on Monday. The stock has a market cap of $20.51 billion, a price-to-earnings ratio of 14.21 and a beta of 1.34. The company has a 50 day moving average price of $32.71 and a 200 day moving average price of $31.60. The Blackstone Group L.P. has a 52 week low of $23.33 and a 52 week high of $35.09.
The Blackstone Group L.P. (NYSE:BX) last announced its earnings results on Thursday, July 20th. The asset manager reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.03. The Blackstone Group L.P. had a return on equity of 18.97% and a net margin of 22.88%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company posted $0.44 EPS. Analysts expect that The Blackstone Group L.P. will post $2.81 EPS for the current fiscal year.
A number of equities analysts have weighed in on BX shares. Credit Suisse Group reduced their price objective on The Blackstone Group L.P. from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. BidaskClub lowered The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Morgan Stanley reiterated an “overweight” rating and set a $40.00 price objective (up previously from $37.00) on shares of The Blackstone Group L.P. in a research note on Tuesday, July 25th. Zacks Investment Research lowered The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Vetr upgraded The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $37.55 price objective for the company in a research note on Wednesday, June 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $37.34.
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About The Blackstone Group L.P.
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.
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