Where Does Blackstone Inc. (BX) Rank When It Comes To Price-To-Earnings Ratio?

Blackstone Inc. (NYSE:BX) trading with an addition of $2.95 to $121.64 on Thursday, an upside of 2.49 percent. An average of 1,668,484 shares of common stock have been traded in the last five days. There was a gain of $5.92 in the past week, and it reached a new high 92 times over the past 12 months. The last 20 days have seen an average of 4,506,566 shares traded, while the 50-day average volume stands at 3,552,018.

BX stock has decreased by -9.12% in the last month. The company shares reached their 1-month lowest point of $108.81 on 10/04/21. With the stock rallying to its 52-week high on 09/17/21, shares of the company touched a low of $49.40 and a high of $136.88 in 52 weeks. It has reached a new high 74 times so far this year and achieved 83.14% or $56.39 in price. In spite of this, the price is down -11.14% from the 52-week high.

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Insider Transactions

34 days have passed since Blackstone Inc. (BX) last reported insider trading activity. Payne David, who is Chief Accounting Officer, most recently acquired $3,693 shares at $129.00 per share on Sep 10. In this transaction, the insider spent $476,397. 10% Owner, Blackstone Holdings II L.P., disposed of 335,000 shares at a price of $60.00 on Aug 24. The insider now owns more than $20,100,000 worth of shares. Prior to that, Director Baratta Joseph went on to Sale 30,789 shares at $114.24 each on Aug 06. An amount of $3,517,335 was transacted.

Valuation Metrics

Blackstone Inc. (BX) has a trailing price-to-earnings (P/E) ratio of 18.32, which compares with the 20.50 for the broader industry and 12.84 for the sector. In the last five years, Blackstone Inc.’s PE ratio has ranged between 81.44 and 10.18. The stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.19, the price-to-book (PB) ratio at 10.18, and the price-to-cash flow ratio at 1270.93.

Blackstone Inc. pays a $2.80 dividend per share annually. It offers a dividend yield of 2.30%. The company has a payout ratio of 41.50%. The company’s most recent quarterly dividend payment took place on Aug. 9, and it was $0.8475 a share, representing a up of 3.24 from $0.82 last year. Its latest increase dividend $0.0275 reported on Friday July 23 2021. Dividends have grown by -17.67% each year over the last three years.

Blackstone Inc. will next go ex-dividend on 5-Nov. The next dividend payment Blackstone Inc. will make is expected to be $0.70.

Further, the company has a long term debt to equity ratio of 0.67 and a total debt to equity ratio of 0.67 for the quarter ending June 29. Its gross profit as reported stood at $2.62 billion compared to revenue of $6.1 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Blackstone Inc.’s return on assets was 16.10%, compared to 4.8% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 63.30% and the 5-year average holds at 21.7%. For the broader industry, ROE averaged 10.74 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Blackstone Inc. had $5.59 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.31 billion in the quarter, while revenues of $1.75 billion were grew 56.59%. The analyst consensus anticipated Blackstone Inc.’s latest quarter earnings to come in at $0.78 per share, but it turned out to be $0.82, a 5.10% surprise. For the quarter, EBITDA amounted to $3.08 billion. At the end of the quarter ending June 29, Blackstone Inc.’s stock balance sheet showed total debt was $6.64 billion. Shareholders own equity worth $685.95 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Blackstone Inc. (BX) price momentum. RSI 9-day as of the close on 13 October was 57.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.94%.

As of today, BX’s price is $117.36 +5.14% or $5.92 from its 5-day moving average. BX is currently trading -10.25% lower than its 20-day SMA and +32.87% higher than its 100-day SMA. However, the stock’s current price level is +3.81% above the SMA50 and +87.79% above the SMA200.

The stochastic %K and %D were 56.45% and 43.06%, respectively, and the average true range (ATR) was 3.45. With the 14-day stochastic at 77.73% and the average true range at 3.53, the RSI (14) stands at 52.89%. The stock has reached 2.86 on the 9-day MACD Oscillator while the 14-day reading was at 1.88.

Analyst Ratings

Deutsche Bank upgraded Blackstone Inc. (NYSE: BX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for Blackstone Inc. (BX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BX, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.

What is BX’s price target for the next 12 months?

Analysts predict a range of price targets between $96.00 and $135.00, with a median target of $125.00. Taking a look at these predictions, the average price target given by analysts for Blackstone Inc. (BX) stock is $123.50.


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