With 3.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.3 million shares. The 52-week range on BX shows that it touched its highest point at $200.28 and its lowest point at $114.92 during that stretch. It currently has a 1-year price target of $145.89. With its current market cap of 166.13 billion, BX has annualized dividend of $2.58 while the current yield stands at 1.89%. Beta for the stock currently stands at 1.65.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BX was down-trending over the past week, with a drop of -6.69%, but this was up by 7.82% over a month. Three-month performance dropped to -13.54% while six-month performance fell -24.93%. The stock gained 9.97% in the past year, while it has lost -20.32% so far this year. A look at the trailing 12-month EPS for BX yields 3.31 with Next year EPS estimates of 6.39. For the next quarter, that number is 1.08. This implies an EPS growth rate of 3.90% for this year and 32.64% for next year. EPS is expected to grow by 19.74% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.62%.
Float and Shares Shorts:
At present, 737.93 million BX shares are outstanding with a float of 721.90 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BX since 12 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.47466 being high and $4.3643 being low. For BX, this leads to a yearly average estimate of $4.4245. Based on analyst estimates, the high estimate for the next quarter is $1.39 and the low estimate is $1.05. The average estimate for the next quarter is thus $1.21.
