Blue Owl Capital (NYSE:OWL) Price Target Cut to $19.00 by Analysts at Citigroup

Key Points

• Citigroup has lowered its price target for Blue Owl Capital from $23.00 to $19.00, maintaining a "buy" rating, which suggests an 18.49% potential upside from the current price.
• Analysts have varied opinions on Blue Owl Capital, with ratings including one Strong Buy, eleven Buy, and four Hold, leading to a consensus rating of "Moderate Buy".
• Blue Owl Capital's share price reached $16.04 during midday trading on Monday, with a market cap of $24.85 billion and earnings per share reported at $0.21 for the last quarter.

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price objective decreased by Citigroup from $23.00 to $19.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price objective indicates a potential upside of 18.49% from the company's current price.

OWL has been the subject of a number of other reports. Piper Sandler reduced their price objective on shares of Blue Owl Capital from $23.50 to $22.00 and set an "overweight" rating for the company in a research note on Thursday. Evercore ISI upped their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Raymond James Financial initiated coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating on the stock. Barclays decreased their target price on Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.54.

Blue Owl Capital Stock Up 3.9%

OWL traded up $0.60 during midday trading on Monday, reaching $16.04. The company had a trading volume of 4,301,208 shares, compared to its average volume of 8,149,130. The business has a 50-day moving average of $18.25 and a two-hundred day moving average of $18.60. Blue Owl Capital has a 1 year low of $14.55 and a 1 year high of $26.73. The company has a market cap of $24.85 billion, a P/E ratio of 177.96, a P/E/G ratio of 1.07 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The company had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. On average, equities research analysts predict that Blue Owl Capital will post 0.92 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Banque Transatlantique SA purchased a new position in Blue Owl Capital during the 1st quarter valued at about $31,000. SVB Wealth LLC bought a new position in shares of Blue Owl Capital during the first quarter valued at approximately $38,000. Cullen Frost Bankers Inc. increased its holdings in Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares during the period. Allworth Financial LP raised its stake in Blue Owl Capital by 70.5% in the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after buying an additional 998 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Blue Owl Capital during the first quarter worth $50,000. 35.85% of the stock is currently owned by institutional investors.

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.

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