Blue Owl Capital (NYSE:OWL) Price Target Raised to $27.00

Blue Owl Capital (NYSE:OWL) had its price objective upped by equities research analysts at JMP Securities from $25.00 to $27.00 in a report released on Friday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price objective would suggest a potential upside of 18.86% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Piper Sandler raised their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Evercore ISI upped their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Oppenheimer increased their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, UBS Group boosted their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.31.

Blue Owl Capital Stock Performance

Shares of OWL opened at $22.72 on Friday. Blue Owl Capital has a 52-week low of $13.01 and a 52-week high of $24.17. The stock’s 50-day simple moving average is $20.75 and its 200 day simple moving average is $18.93. The stock has a market capitalization of $33.24 billion, a price-to-earnings ratio of 133.63, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same period in the previous year, the firm posted $0.16 EPS. On average, research analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter valued at about $26,000. ORG Partners LLC purchased a new position in Blue Owl Capital in the second quarter valued at about $32,000. ORG Wealth Partners LLC bought a new position in Blue Owl Capital in the third quarter worth about $32,000. Family Firm Inc. purchased a new stake in shares of Blue Owl Capital during the second quarter valued at about $40,000. Finally, Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at about $45,000. Institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

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.