The Blackstone Group Inc. (NYSE:BX) has a beta of 1.32, a 12-month trailing P/E ratio of 88.03, and a growth ratio of 6.71. The stock’s Relative Strength Index (RSI) is 75.57, with weekly volatility at 2.58% and ATR at 1.47. The BX stock’s 52-week price range has touched low of $33.00 and a $64.97 high. Its shares traded higher over the last trading session, gaining 3.22% on 12/15/20. The shares fell to a low of $63.50 before closing at $65.14. Intraday shares traded counted 4.4 million, which was -54.48% lower than its 30-day average trading volume of 2.85M. BX’s previous close was $63.11 while the outstanding shares total 700.19M.
Investors have identified the Asset Management company The Blackstone Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $76.57 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The Blackstone Group Inc. (BX) Fundamentals that are to be considered.
BX were able to record 1.56 billion as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by 190.46 million. In cash movements, the company had a total of 1.63 billion as operating cash flow.
Potential earnings growth for The Blackstone Group Inc. (BX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, The Blackstone Group Inc. recorded a total of 3.03 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 42.79% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 17.04%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.33 billion trying to sell their products during the last quarter, with the result yielding a gross income of 1.7 billion. This allows shareholders to hold on to 700.19M with the recently reported earning now reading 1.14 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (0.63 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.85 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BX sounds very interesting.
Is the stock of BX attractive?
In related news, 10% Owner, Blackstone BDC Holdings LLC bought 2,000 shares of the company’s stock in a transaction that recorded on Oct 21. The purchase was performed at an average price of 25.00, for a total value of 50,000. As the purchase deal closes, the 10% Owner, Clarus Lifesciences III, L.P. now bought 250,000 shares of the company’s stock, valued at 4,000,000. Also, Chief Legal Officer, Finley John G sold 40,000 shares of the company’s stock in a deal that was recorded on Aug 19. The shares were cost at an average price of 54.07 per share, with a total market value of 2,162,800. Following this completion of disposal, the Director, Baratta Joseph now holds 65,185 shares of the company’s stock, valued at 3,449,590. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
14 out of 18 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on The Blackstone Group Inc.. 0 analysts has assigned a Sell rating on the BX stock. The 12-month mean consensus price target for the company’s shares has been set at $63.13.