3. As of noon trading, Blackstone Group ( BX) is up $0.24 (1.15) to $21.14 on light volume Thus far, 1.9 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $20.81-$21.24 after having opened the day at $20.89 as compared to the previous trading day's close of $20.90.

The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Blackstone Group has a market cap of $11.7 billion and is part of the financial sector. The company has a P/E ratio of 35.7, above the S&P 500 P/E ratio of 17.7. Shares are up 34.1% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Blackstone Group Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

8 Reasons Goldman Sachs CEO Has Every Reason to Be Terrified of Stock Market

8 Reasons Why Lloyd Blankfein Has Every Right to Be 'Unnerved' by This Market

Hurricane Irma Exposes Rising Fear in the Stock Market's Near-Term Future

Storms, Indexes Pose Growing Threats

Massachusetts Opens Inquiry Into 7 Brokerage Firms