Jefferies Believes Blackstone Group (NYSE: BX) Still Has Room to Grow

By Carrie Williams

In a report released today, Gerald O’Hara from Jefferies reiterated a Buy rating on Blackstone Group (NYSE: BX), with a price target of $38. The company’s shares closed yesterday at $32.95, close to its 52-week high of $33.93.

According to, O’Hara is a 5-star analyst with an average return of 34.5% and a 92.3% success rate. O’Hara covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Oaktree Capital Group Llc, and WisdomTree Investments.

Currently, the analyst consensus on Blackstone Group is Strong Buy and the average price target is $38.50, representing a 16.8% upside.

In a report issued on June 15, Credit Suisse also maintained a Buy rating on the stock with a $46 price target.

Blackstone Group’s market cap is currently $21.4B and has a P/E ratio of 16.35. The company has a book value ratio of 3.2134.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.

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Blackstone Group LP engages in the provision of investment and fund management services. It operates through the following business segments: Private Equity, Real Estate, Hedge Fund Solutions, and Credit.