According to a report published by Reuters, private equity firm Blackstone Group LP is priming for an initial public offering (IPO) of Alight Solutions LLC, a U.S. provider of healthcare and retirement benefits services. Alight Solutions is expected to be valued at more than $7 billion, including debt.
The IPO is expected to hit markets in the first half of 2019, almost two years after Blackstone’s acquisition of Alight for ~$4.8 billion from the insurance broker Aon Plc (AON). With this IPO, Blackstone hopes to turn a sizable profit by progressively diluting its stake in Alight via the stock market.
To underwrite the IPO, Blackstone has already hired Bank of America Corp (BAC), JPMorgan Chase & Co (JPM) and Morgan Stanley (MS). However, Blackstone has also indicated that it is willing to consider any acquisition offers for Alight if it receives any, while the process for taking the company public continues.
Expected to raise somewhere between $500 million to $750 million, analysts opine the debut timing would be heavily dependent on market conditions.
BX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 33 cases where BX's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Momentum Indicator moved above the 0 level on May 03, 2024. You may want to consider a long position or call options on BX as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BX advanced for three days, in of 372 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BX turned negative on April 10, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
BX moved below its 50-day moving average on April 12, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BX crossed bearishly below the 50-day moving average on April 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BX entered a downward trend on April 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BX's P/B Ratio (14.472) is slightly higher than the industry average of (2.968). P/E Ratio (71.212) is within average values for comparable stocks, (26.370). Projected Growth (PEG Ratio) (1.854) is also within normal values, averaging (3.110). Dividend Yield (0.026) settles around the average of (0.072) among similar stocks. P/S Ratio (14.124) is also within normal values, averaging (17.574).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of investment and fund management services
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