Over the past six months, Blackstone has been a great trade, beating the S&P 500 by 5.7%. Its stock price has climbed to $128.45, representing a healthy 19.9% increase. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Is now still a good time to buy BX? Or is this a case of a company fueled by heightened investor enthusiasm? Find out in our full research report, it’s free.
Why Are We Positive on BX?
With over $1 trillion in assets under management and investments spanning real estate, private equity, credit, and hedge funds, Blackstone (NYSE:BX) is a global alternative asset manager that invests capital on behalf of pension funds, sovereign wealth funds, and other institutional investors.
1. Long-Term Revenue Growth Shows Strong Momentum
A company’s long-term sales performance can indicate its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years.
Over the last five years, Blackstone grew its revenue at a solid 11.5% compounded annual growth rate. Its growth beat the average financials company and shows its offerings resonate with customers.
2. EPS Moving Up Steadily
Analyzing the long-term change in earnings per share (EPS) shows whether a company’s incremental sales were profitable — for example, revenue could be inflated through excessive spending on advertising and promotions.
Blackstone’s decent 11.7% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded.
Final Judgment
These are just a few reasons why we think Blackstone is a high-quality business, and with its shares topping the market in recent months, the stock trades at 20× forward P/E (or $128.45 per share). Is now the right time to buy? See for yourself in our in-depth research report, it’s free.
Stocks We Like Even More Than Blackstone
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