Evercore ISI Raises Blue Owl Capital (NYSE:OWL) Price Target to $21.00

Blue Owl Capital (NYSE:OWL) had its price objective raised by investment analysts at Evercore ISI from $20.00 to $21.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price target points to a potential upside of 10.88% from the stock’s current price.

A number of other equities analysts also recently commented on the company. UBS Group dropped their price objective on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Barclays dropped their price objective on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Piper Sandler increased their price objective on Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a report on Wednesday, July 2nd. Cfra Research upgraded Blue Owl Capital to a “moderate buy” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company increased their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $23.85.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $18.94 on Thursday. The firm has a market cap of $29.13 billion, a price-to-earnings ratio of 145.70, a P/E/G ratio of 1.34 and a beta of 1.17. Blue Owl Capital has a 52-week low of $14.55 and a 52-week high of $26.73. The stock has a 50-day simple moving average of $18.96 and a 200-day simple moving average of $20.50.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The firm had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. As a group, equities research analysts predict that Blue Owl Capital will post 0.92 earnings per share for the current year.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock worth $27,000 after acquiring an additional 1,050 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Blue Owl Capital in the first quarter worth $31,000. Jones Financial Companies Lllp grew its stake in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after acquiring an additional 1,315 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital in the first quarter worth $38,000. 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.