The shares of The Blackstone Group L.P. (NYSE:BX) has been pegged with a rating of Overweight by JP Morgan in its latest research note that was published on January 12th, 2018. JP Morgan wasn’t the only research firm that published a report of The Blackstone Group L.P., with other equities research analysts also giving their opinion on the stock. Citigroup advised investors in its research note published on May 22nd, 2017, to Buy the BX stock while also putting a $40 price target. The stock had earned Hold rating from Deutsche Bank when it published its report on March 11th, 2016. That day the Deutsche Bank set price target on the stock to $28. The stock was given Buy rating by Argus in its report released on February 2nd, 2016, the day when the price target on the stock was placed at $38. RBC Capital Mkts was of a view that BX is Outperform in its latest report on January 26th, 2016 while giving it a price target of $38. Deutsche Bank thinks that BX is worth Buy rating. This was contained in the firm’s report on January 8th, 2016 in which the stock’s price target was also moved to $32.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $43.67. The price of the stock the last time has raised by 8.74% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 44.32.
The shares of the company dipped by -6.14% during the trading session on Tuesday, reaching a low of $32.5 while ending the day at $32.71. During the trading session, a total of 6.68 million shares were traded which represents a -34.93% decline from the average session volume which is 4.95M shares. BX had ended its last session trading at 34.85. The Blackstone Group L.P. currently has a market cap of $39.34B, while its P/E ratio stands at 10.25, while its P/E earnings growth sits at 4.79, with a beta of 1.33. The Blackstone Group L.P. debt-to-equity ratio currently stands at 1.51, while its quick ratio hovers at . BX 52-week low price stands at $30.08 while its 52-week high price is $40.60.
The company in its last quarterly report recorded $0.76 earnings per share which is above the $0.74 predicted by most analysts. The The Blackstone Group L.P. generated $1,833.96 million in revenue during the last quarter, which is slightly higher than the $1,787.02 million predicted by analysts. In the second quarter last year, the firm recorded $0.90 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -18.42%. The Blackstone Group L.P. has the potential to record 3.19 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Compass Point published a research note on October 22nd, 2018 where it informed investors and clients that MGIC Investment Corporation (NYSE:MTG) is now rated as Buy. Their price target on the stock stands at $16.50. Citigroup also rated MTG as Upgrade on May 22nd, 2017, with its price target of $9 suggesting that MTG could surge by 29.71% from its current share price. Even though the stock has been trading at $11.98/share, analysts expect it to surge higher by -6.59% to reach $15.92/share. It started the day trading at $11.98 and traded between $11.03 and $11.19 throughout the trading session.
A look at its technical shows that MTG’s 50-day SMA is 12.28 while its 200-day SMA stands at 12.00. The stock has a high of $16.21 for the year while the low is $9.97. The company’s P/E ratio currently sits at 6.41, while the P/B ratio is 1.16. The company’s average trading volume currently stands at 3.12M shares, which means that the short-interest ratio is just 1.58 days. Over the past seven days, the company moved, with its shift of -2.27%. Looking further, the stock has dropped -14.45% over the past 90 days while it gained 1.27% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more MTG shares, decreasing its portfolio by -2.82% during the last quarter. This move now sees The Vanguard Group Inc selling -1,052,087 shares in the last quarter, thus it now holds 36,210,349 shares of MTG, with a total valuation of $442,128,361. Wellington Management Co LLP meanwhile bought more MTG shares in the recently filed quarter, changing its stake to $295,500,168 worth of shares. BlackRock Fund Advisors followed the path by decreasing its MTG portfolio by -3.05% in the quarter. This means that BlackRock Fund Advisors sold -729,418 shares in the last quarter and now controls 23,175,304 shares of the MTG stock, with the valuation hitting $282,970,462.
Similarly, SSgA Funds Management Inc decreased its MGIC Investment Corporation shares by -9.59% during the recently filed quarter. After selling -1,223,107 shares in the last quarter, the firm now controls 11,530,993 shares of MGIC Investment Corporation which are valued at $140,793,425. In the same vein, Fidelity Management Research Co decreased its MGIC Investment Corporation shares by during the most recent reported quarter. The firm sold -378,383 shares during the quarter which decreased its stakes to 11,230,117 shares and is now valued at $137,119,729. Following these latest developments, around 0.10% of MGIC Investment Corporation stocks are owned by institutional investors and hedge funds.