The Blackstone Group L.P. (NYSE:BX) Analysts Digging into the Details of the 207 ABR

The Blackstone Group L.P. (NYSE:BX) currently has an Average Broker Rating of 1.25. The ABR rank within the industry stands at 207. This number is based on the 10 sell-side firms polled by Zacks.  

Each brokerage research report carries with it some form of recommendation. The brokerage firms may use different lingo for their rating systems (like saying Outperform instead of Buy), but they can all be properly sorted into our 5 level classification system that is now the industry standard. Each of the 5 classifications has a value associated with it to help compute the ABR. 

As the name implies the ABR will show you the Average of Brokerage Recommendations on a given stock. The benefit is that you quickly get a snapshot of where Wall Street stands on a stock without having to read a mountain of research reports.

Broker recommendations are made by brokerage firms (for example, JP Morgan) and are not an outright recommendation to buy or sell a share, but instead give an indication of how the broker thinks the company will perform relative to its sector. Their recommendations are issued over a particular period of time. The recommendations provided in the Research Centre are shown on a 75 day rolling basis. Each brokerage firm has its own way of rating that may make it difficult to compare broker recommendations between the brokerage houses.

For example, at one brokerage “buy” may be the strongest recommendation, while at another “buy” could be second to a “strong buy” rating. The second-highest ratings also have a number of different other names: “accumulate”, “outperform”, “moderate buy” or “overweight”.

Analysts on a consensus basis are expecting that the stock will reach $39 within the year.

When dealing with the stock market, investors have to be constantly on their toes. Investors who have had success in the past using a certain method for stock picking may eventually realize that the method no longer produces the same results as it once did. Expecting that the market environment will change and being able to react to those changes can greatly help the investor when the time comes. While investor confidence can be a positive thing, complacency can lead to future frustration and poor portfolio performance. Seasoned investors know that no bull market will last forever just as no bear market will last forever. Being prepared for any situation can greatly help the investor navigate the market when changes do occur.

Most recently The Blackstone Group L.P. (NYSE:BX) posted quarterly earnings of $-0.02 which compared to the sell-side estimates of 0.03. The stock’s 12-month trailing earnings per share stands at $2.29. Shares have moved $6.4 over the past month and more recently, $0.18 over the past week heading into the earnings announcement. There are 6 analyst projections that were taken into consideration from respected brokerage firms.

There are many different strategies that investors use when entering the stock market. Beating the market is no easy task, and many veteran investors would echo that sentiment. When following the day to day happenings in the stock market, it can be easy to get distracted. There is a lot of emphasis on what is happening in the moment, and it can be tempting for investors to get caught up in the chaos. Everyday market fluctuations can sometimes cause investors to second guess their stock selections. Investors who are able to filter out the noise and focus on the most pertinent information may find themselves in an elevated position in relation to the rest of the investing field. 

Buy Ratings
9 analysts rate The Blackstone Group L.P. a Buy or Strong Buy, which is 90% of all the analyst ratings.

Earnings
Research analysts are predicting that The Blackstone Group L.P. (NYSE:BX) will report earnings of $0.65 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

The Blackstone Group L.P. (NYSE:BX) closed the last session at $33.76 and sees an average of 3849260.5 shares trade hands in each session. The 52-week low of the stock stands at $27.6 while the current level stands at 50.95% of the 52-week High-Low range. Looking further out we can see that the stock has moved 3.88% over the past 12 weeks and 13.25% year to date.

Investors might be reviewing portfolio performance over the last six months. Many investors will be tracking shares that are trading near important levels such as the 52-week high and 52-week low. When a stock is trading near new 52-week high, investors may have to decide whether they should sell or hold on for future gains. Stocks that are moving towards a new 52-week low may also be worth keeping an eye on. There are many factors that can have an impact on the health of a particular stock. This is one reason why stock picking can be extremely tough at times. Because there are always so many things to monitor, it may be next to impossible to build a formula that will continually beat the market. Even after all the applicable information has been examined, the investor still has to make sense of the data and figure out what to do with it. Knowing how to use company data can end up being the difference between handsome gains and crippling losses. 

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.

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