Oppenheimer Cuts Blue Owl Capital (NYSE:OWL) Price Target to $16.00

Key Points

• Oppenheimer cut its price target on Blue Owl Capital from $17 to $16 while keeping an "outperform" rating, a level that implies roughly an 87% upside from the stock's current price (~$8.54).
• The analyst consensus is a Moderate Buy with an average target of $15.97 (1 Strong Buy, 8 Buy, 7 Hold, 1 Sell), although several firms including Goldman Sachs and UBS have recently lowered targets and shifted to neutral.
• Blue Owl trades at $8.54 with a 1‑year range of $7.95–$21.08, a market cap of about $13.3B and a P/E ~84; it beat EPS estimates last quarter ($0.27 vs. $0.22) but missed revenue expectations, and institutions own roughly 35.9% of the shares.

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price objective cut by stock analysts at Oppenheimer from $17.00 to $16.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Oppenheimer's price objective would indicate a potential upside of 87.27% from the stock's current price.

Several other equities analysts have also recently commented on OWL. Citigroup restated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. The Goldman Sachs Group dropped their target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, April 7th. Weiss Ratings restated a "hold (c)" rating on shares of Blue Owl Capital in a research report on Wednesday, January 21st. UBS Group dropped their target price on shares of Blue Owl Capital from $16.50 to $12.00 and set a "neutral" rating for the company in a research report on Friday, February 20th. Finally, Citizens Jmp dropped their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "market outperform" rating for the company in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.97.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded up $0.31 during midday trading on Monday, hitting $8.54. The company's stock had a trading volume of 8,191,165 shares, compared to its average volume of 28,289,480. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $21.08. The company has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $13.72. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 84.33, a PEG ratio of 0.89 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The business had revenue of $701.47 million during the quarter, compared to analysts' expectations of $712.75 million. Sell-side analysts forecast that Blue Owl Capital will post 0.92 EPS for the current year.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in Blue Owl Capital by 7.3% during the third quarter. Nisa Investment Advisors LLC now owns 10,011 shares of the company's stock valued at $169,000 after buying an additional 685 shares during the period. Park Avenue Securities LLC boosted its position in shares of Blue Owl Capital by 5.6% in the third quarter. Park Avenue Securities LLC now owns 13,149 shares of the company's stock valued at $223,000 after acquiring an additional 699 shares during the period. Bessemer Group Inc. raised its stake in Blue Owl Capital by 20.3% in the third quarter. Bessemer Group Inc. now owns 4,967 shares of the company's stock valued at $84,000 after purchasing an additional 838 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company's stock valued at $27,000 after purchasing an additional 867 shares in the last quarter. Finally, Stonegate Investment Group LLC raised its stake in Blue Owl Capital by 3.6% in the third quarter. Stonegate Investment Group LLC now owns 25,465 shares of the company's stock valued at $431,000 after purchasing an additional 884 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

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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