Evercore ISI Forecasts Strong Price Appreciation for Blue Owl Capital (NYSE:OWL) Stock

Blue Owl Capital (NYSE:OWL) had its price objective increased by stock analysts at Evercore ISI from $25.00 to $26.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 7.10% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Piper Sandler upped their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Wells Fargo & Company lowered their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $28.00 in a report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.10.

Blue Owl Capital Trading Up 3.7 %

Shares of OWL stock opened at $24.28 on Friday. The company has a market cap of $36.26 billion, a price-to-earnings ratio of 142.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. The stock has a 50 day simple moving average of $23.52 and a 200-day simple moving average of $20.68. Blue Owl Capital has a 12-month low of $14.85 and a 12-month high of $25.03.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $600.88 million during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.16 EPS. On average, equities analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teamwork Financial Advisors LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at $401,000. Mutual Advisors LLC boosted its holdings in Blue Owl Capital by 10.1% in the fourth quarter. Mutual Advisors LLC now owns 31,963 shares of the company’s stock valued at $748,000 after acquiring an additional 2,935 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Blue Owl Capital by 8.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 75,319 shares of the company’s stock valued at $1,752,000 after acquiring an additional 5,985 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Blue Owl Capital by 118.7% in the fourth quarter. SG Americas Securities LLC now owns 21,777 shares of the company’s stock valued at $507,000 after acquiring an additional 11,818 shares during the last quarter. Finally, Dakota Wealth Management acquired a new position in Blue Owl Capital in the fourth quarter valued at $215,000. 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.