Oppenheimer Boosts Blue Owl Capital (NYSE:OWL) Price Target to $28.00

Blue Owl Capital (NYSE:OWL) had its price target raised by Oppenheimer from $24.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 14.87% from the stock’s previous close.

A number of other research analysts also recently weighed in on OWL. UBS Group raised their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upped their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company raised their price target on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI upped their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.98.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $24.38 on Thursday. The firm has a market cap of $36.40 billion, a price-to-earnings ratio of 143.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The stock’s 50-day moving average is $22.96 and its 200-day moving average is $19.67. Blue Owl Capital has a one year low of $13.61 and a one year high of $25.03.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the previous year, the business posted $0.16 EPS. On average, equities analysts expect that Blue Owl Capital will post 0.78 EPS for the current year.

Institutional Trading of Blue Owl Capital

A number of hedge funds have recently modified their holdings of OWL. ORG Wealth Partners LLC bought a new position in Blue Owl Capital in the 3rd quarter valued at about $32,000. ORG Partners LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth approximately $32,000. Family Firm Inc. bought a new stake in Blue Owl Capital in the 2nd quarter valued at $40,000. Rothschild Investment LLC acquired a new position in Blue Owl Capital in the 2nd quarter valued at $45,000. Finally, Triad Wealth Partners LLC bought a new position in Blue Owl Capital during the 2nd quarter worth $88,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.