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The Truth behind Blackstone's Record 1Q17 Numbers

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Part 8
The Truth behind Blackstone's Record 1Q17 Numbers PART 8 OF 8

Blackstone on the Street: Analyst Ratings after the 1Q17 Results

Analysts’ ratings indicate a stable performance

Blackstone Group’s (BX) performance expectations in 2017 should see stable coverage from analysts in 2017. Analysts have given the company a mean price target of $34.88, implying a 15.2% rise from its current level. In April 2017, 11 of the 14 analysts covering the company rated the stock as a “buy” or a “strong buy,” while three analysts rated the stock as a “hold.”

Blackstone on the Street: Analyst Ratings after the 1Q17 Results

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As compared to December 2016, this rating has improved, with BX’s “strong buy” ratings rising from four to five analysts and its “hold” ratings falling from four to three analysts.

Peer ratings

Among Blackstone’s major alternative peers, 11 of the 14 analysts covering KKR & Company (KKR) stock gave it “buy” or “strong buy” ratings, while remaining four analysts have given the company “hold” rating. For Carlyle Group (CG), seven of the 12 analysts covering the stock gave it “hold” ratings, while five analysts gave it “buy” or “strong buy” ratings, reflecting a relatively weak operating performance.

Notably, 11 of 15 analysts gave “buy” or “strong buy” ratings to Apollo Global Management (APO), while the remaining four analysts gave it “hold” ratings.

Remember, alternative asset managers form part of the iShares Dow Jones US Financial ETF (IYF).

For a more detailed analysis of the company, check out Market Realist’s series The Blackstone Group: Investing with an Alternative Giant.

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