News coverage about Blackstone Group (NYSE:BX) has been trending positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blackstone Group earned a coverage optimism score of 0.32 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 45.1196043211459 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several research firms recently weighed in on BX. Vetr cut shares of Blackstone Group from a “strong-buy” rating to a “buy” rating and set a $35.50 price target on the stock. in a report on Monday. Morgan Stanley lifted their price target on shares of Blackstone Group from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, October 23rd. Bank of America boosted their target price on shares of Blackstone Group from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 20th. Oppenheimer restated a “buy” rating on shares of Blackstone Group in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of Blackstone Group from a “sell” rating to a “hold” rating in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Blackstone Group presently has a consensus rating of “Buy” and an average price target of $38.25.
Blackstone Group (BX) opened at $32.11 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $19,918.00, a PE ratio of 11.36, a PEG ratio of 0.57 and a beta of 1.34. Blackstone Group has a 52-week low of $25.82 and a 52-week high of $35.09.
Blackstone Group (NYSE:BX) last posted its quarterly earnings results on Thursday, October 19th. The asset manager reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.14. Blackstone Group had a return on equity of 19.71% and a net margin of 22.88%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. Blackstone Group’s quarterly revenue was up 21.4% compared to the same quarter last year. research analysts expect that Blackstone Group will post 2.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 30th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend was Friday, October 27th. Blackstone Group’s dividend payout ratio (DPR) is 76.19%.
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Blackstone Group Company Profile
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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