Blue Owl Capital (NYSE:OWL) Price Target Lowered to $24.00 at Oppenheimer

Key Points

• Oppenheimer has lowered its price target for Blue Owl Capital from $25.00 to $24.00, maintaining an "outperform" rating, which implies a potential upside of 43.93% from the current price.
• Other analysts, including Barclays and Citigroup, have also decreased their price targets for the stock, indicating a consensus average target price of $22.38 and a "Moderate Buy" rating.
• Blue Owl Capital's stock has recently experienced an increase of 3.4%, a positive movement reflecting investor interest despite the recent downgrades in price targets by various brokerages.

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price objective reduced by equities researchers at Oppenheimer from $25.00 to $24.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's price objective would indicate a potential upside of 43.93% from the company's current price.

Other equities analysts also recently issued reports about the company. Raymond James Financial initiated coverage on Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating for the company. Barclays lowered their price objective on Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered their price objective on Blue Owl Capital from $21.50 to $19.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Piper Sandler lowered their price objective on Blue Owl Capital from $23.50 to $22.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Citigroup lowered their price objective on Blue Owl Capital from $23.00 to $19.00 and set a "buy" rating for the company in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average target price of $22.38.

Blue Owl Capital Stock Up 3.4%

Blue Owl Capital stock traded up $0.56 during trading hours on Tuesday, hitting $16.68. The stock had a trading volume of 2,016,097 shares, compared to its average volume of 8,156,543. The stock has a market cap of $25.84 billion, a price-to-earnings ratio of 185.52, a P/E/G ratio of 1.07 and a beta of 1.13. Blue Owl Capital has a one year low of $14.55 and a one year high of $26.73. The business's 50 day simple moving average is $18.18 and its 200-day simple moving average is $18.57.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. Research analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OWL. Banque Transatlantique SA purchased a new position in shares of Blue Owl Capital during the first quarter valued at approximately $31,000. SVB Wealth LLC purchased a new position in shares of Blue Owl Capital during the first quarter valued at approximately $38,000. Cullen Frost Bankers Inc. boosted its position in shares of 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 last quarter. Allworth Financial LP boosted its position in shares of Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after buying an additional 998 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Blue Owl Capital during the first quarter valued at approximately $50,000. Hedge funds and other institutional investors 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.

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