Blue Owl Capital (NYSE:OWL) Price Target Raised to $17.00

Key Points

• Oppenheimer raised Blue Owl Capital’s price target to $17 from $15 and maintained an “outperform” rating, implying nearly 40% upside from the reported share price.
• Analyst sentiment is broadly positive but mixed: Blue Owl has a consensus “Moderate Buy” rating and an average target price of $13.57, based on one Strong Buy, seven Buys, and eight Holds.
• Blue Owl reported quarterly EPS of $0.22, matching estimates, while revenue of $693.56 million slightly exceeded expectations. Institutional ownership stands at 35.85%, with several major investors recently increasing their stakes.

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price target raised by analysts at Oppenheimer from $15.00 to $17.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's price target points to a potential upside of 39.98% from the stock's current price.

OWL has been the topic of several other reports. TD Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a report on Thursday, August 6th. Zacks Research raised Blue Owl Capital from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a "hold" rating in a report on Monday, July 20th. JPMorgan Chase & Co. reduced their price objective on Blue Owl Capital from $19.00 to $10.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 29th. Finally, Citizens Jmp decreased their price objective on Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating on the stock in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.57.

Blue Owl Capital Stock Performance

OWL opened at $12.14 on Thursday. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of 101.46, a PEG ratio of 1.30 and a beta of 1.19. The company has a fifty day moving average of $10.19 and a 200 day moving average of $10.01. Blue Owl Capital has a fifty-two week low of $7.95 and a fifty-two week high of $19.29.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The company had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. On average, equities research analysts forecast that Blue Owl Capital will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently added to or reduced their stakes in the stock. Edgestream Partners L.P. lifted its stake in shares of Blue Owl Capital by 374.3% during the 1st quarter. Edgestream Partners L.P. now owns 254,565 shares of the company's stock worth $2,324,000 after acquiring an additional 200,896 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Blue Owl Capital by 129.4% during the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company's stock valued at $3,590,000 after acquiring an additional 135,184 shares during the period. Renaissance Technologies LLC grew its position in Blue Owl Capital by 2,107.1% in the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company's stock valued at $55,375,000 after acquiring an additional 5,790,400 shares during the last quarter. Verity & Verity LLC grew its position in Blue Owl Capital by 45.2% in the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company's stock valued at $15,487,000 after acquiring an additional 322,530 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Blue Owl Capital by 38.8% in the first quarter. Royal Bank of Canada now owns 892,317 shares of the company's stock worth $8,147,000 after purchasing an additional 249,461 shares during the period. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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