Raymond James Capital Upgrades Blackstone Secured Lending Fund with an Outperform rating

STA Research
by: STA Research

Raymond James Capital Upgrades Blackstone Secured Lending Fund with an Outperform rating, and sets the target price at $26 on the company’s stock.

Based on the Blackstone Secured Lending Fund stock forecasts from 8 analysts, the average analyst target price for Blackstone Secured Lending Fund is USD 30.00 over the next 12 months. Blackstone Secured Lending Fund’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Blackstone Secured Lending Fund is Slightly Bearish, which is based on 1 positive signals and 2 negative signals. At the last closing, Blackstone Secured Lending Fund’s stock price was USD 25.00Blackstone Secured Lending Fund’s stock price has changed by -7.06% over the past week, -9.35% over the past month and 0% over the last year.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What we don’t like:

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

 

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