Deutsche Bank (DE:DBKGn) analyst Brian Bedell maintained a Hold rating on Blackstone Group (NYSE:BX) on Thursday, setting a price target of $49, which is approximately 8.58% below the present share price of $53.6.
Bedell expects Blackstone Group to post earnings per share (EPS) of -$1.58 for the third quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Blackstone Group, with an average price target of $56.88.
The analysts price targets range from a high of $65 to a low of $41.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of -$3.44 billion and a net profit of $0. The company's market cap is $65.1 billion.
According to TipRanks.com, Deutsche Bank analyst Brian Bedell is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 2.4% and a 48.97% success rate.
The Blackstone Group , Inc. engages in the provision of investment and fund management services. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions, and Credit. The Private Equity segment consists of flagship corporate private equity funds, Blackstone Capital Partners funds, sector-focused corporate private equity funds, including energy-focused funds, Blackstone Energy Partners funds, and core private equity fund, Blackstone Core Equity Partners. The Real Estate segment includes management of core real estate fund and non-exchange traded restate investment trusts. The Hedge Fund Solutions segment comprises of Blackstone Alternative Asset Management, which manages hedge funds and includes Indian-focused and Asian-focused closed-end mutual funds. The Credit segment includes GSO Capital Partners LP, which manages credit-oriented funds. The company was founded by Stephen Allen Schwarzman in 1985 and is headquartered in New York, NY.