It is not a wise decision to invest in the stocks without even giving a thought to market expert’s recommendations. Investors can fail to categorize the quality bargains, consequently falling into a trap of fruitless investment. However, they can avoid such kind of investment mistakes by looking out for the financial ratios of a company. The first ratio that tops the checklist of financial ratios is Price-to-Earnings ratio, which for The Blackstone Group L.P. (NYSE:BX) stands at 27.05 .
For FY2016 the P/E projection stands at 8.55 compared to FY2017 P/E estimate of 11.39. This specific financial ratio is broadly used by market experts, research groups and investors to short-list stocks that make an attractive investment. The two figures used to compute P/E ratio are the latest stock price and firm’s earning per share.
In previous trading session, The Blackstone Group L.P. (NYSE:BX) closed at $28.05, and today’s stock marked a high of $28.22 and a low of $27.43. The Blackstone Group L.P. Commo is a NYQ public traded organization with a market capitalization of $17.37B. The daily volume averaged at 6200840 in last three months.
Highlighting more technical parameters, $27.14 is the 50-day moving average of stock with the last closing price +3.63% points away from it. Presently, the stock is hovering -4.82% off the 200-day moving average. The Blackstone Group L.P. Commo’s latest price is $-36.69% off its 52-week high of $44.43 and $+26.09% away from low of $22.31 in same period.
The updated poll data confirms that the stock has potential to hit $33.65 in 2017. The mean EPS stood at $1.04 last year, and for this quarter, it is predicted at $0.68. First Call stated that the firm’s per-share-earnings can come at $2.47 this year, and $3.29 next year.
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