Last Updated: 14 Sep 2024
Executive Summary
Blackstone Group Inc. (BX) is a leading alternative asset management company with a market capitalization of $184.66 billion. The company's strong fundamentals, including a high return on assets (0.087) and return on equity (0.189), indicate its financial health. Analysts are bullish on BX, with a consensus rating of "Buy." The stock's current price of $151.19 is below its 52-week high of $151.87 and above its 200-day moving average of $126.62.
Company Overview
Blackstone Group Inc. is an alternative asset management company specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity strategies, and multiple asset classes. The company is headquartered in New York, New York, with additional offices across Asia, Europe, and North America. Blackstone has a long history of success, having been founded in 1985. The company has a strong management team led by CEO Stephen A. Schwarzman.
Fundamental Analysis
Blackstone's financial performance has been strong in recent years. The company's revenue has grown at a compound annual growth rate (CAGR) of 10.2% over the past five years. Net income has also grown at a CAGR of 12.4% over the same period. Blackstone's profitability metrics are also strong. The company's profit margin is 20.3%, and its operating margin is 42.9%.
Blackstone's balance sheet is also strong. The company has a low debt-to-equity ratio of 0.24. Blackstone also has a large cash balance of $12.3 billion.
Technical Analysis
Blackstone's stock price has been in a downtrend since early 2023. The stock price has broken below its 50-day moving average and is now testing its 200-day moving average. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for Blackstone's stock is bearish. The stock price is in a downtrend and has broken below its key moving averages. The RSI is also below 50, indicating that the stock is oversold. Investors should be cautious about buying Blackstone's stock in the short term.
Long Term Outlook
The long-term outlook for Blackstone's stock is bullish. The company has a strong track record of financial performance and a solid balance sheet. The company is also well-positioned to benefit from the growing demand for alternative investments. Investors should consider buying Blackstone's stock for the long term.
Analyst Recommendations
Analysts are bullish on Blackstone's stock. The consensus rating is "Buy." The average analyst price target is $137.47, which represents a potential upside of 10.7% from the current price.
