Oppenheimer Forecasts Strong Price Appreciation for Blue Owl Capital (NYSE:OWL) Stock

Blue Owl Capital (NYSE:OWL) had its target price lifted by investment analysts at Oppenheimer from $25.00 to $26.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 38.04% from the company’s previous close.

Several other brokerages have also issued reports on OWL. JMP Securities lowered their target price on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. UBS Group reduced their target price on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Finally, Citigroup dropped their target price on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.02.

Blue Owl Capital Stock Performance

Shares of OWL opened at $18.84 on Monday. Blue Owl Capital has a 52-week low of $14.55 and a 52-week high of $26.73. The business’s fifty day moving average is $19.00 and its 200-day moving average is $20.41. The firm has a market cap of $28.97 billion, a price-to-earnings ratio of 144.90, a PEG ratio of 1.32 and a beta of 1.17.

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

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently bought and sold shares of OWL. Vise Technologies Inc. increased its position in shares of Blue Owl Capital by 4.6% in the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company’s stock worth $255,000 after purchasing an additional 478 shares during the last quarter. Teza Capital Management LLC lifted its holdings in shares of Blue Owl Capital by 1.7% in the fourth quarter. Teza Capital Management LLC now owns 28,929 shares of the company’s stock valued at $673,000 after purchasing an additional 485 shares in the last quarter. State of Wyoming lifted its holdings in shares of Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $55,000 after purchasing an additional 503 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings 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 worth $42,000 after acquiring an additional 583 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in Blue Owl Capital by 3.0% during the fourth quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company’s stock worth $532,000 after buying an additional 658 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other 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.