Blue Owl Capital (NYSE:OWL) Rating Increased to Buy at TD Cowen

Blue Owl Capital (NYSE:OWL) was upgraded by stock analysts at TD Cowen from a “hold” rating to a “buy” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm currently has a $28.00 price target on the stock. TD Cowen’s target price would suggest a potential upside of 22.32% from the company’s previous close.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods upped their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Piper Sandler upped their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a report on Wednesday, December 4th. Finally, UBS Group upped their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.77.

Blue Owl Capital Price Performance

Shares of OWL opened at $22.89 on Thursday. Blue Owl Capital has a 1 year low of $14.42 and a 1 year high of $25.03. The firm has a market cap of $34.19 billion, a PE ratio of 134.65, a PEG ratio of 1.66 and a beta of 1.14. The stock’s fifty day moving average price is $23.49 and its two-hundred day moving average price is $20.58.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in Blue Owl Capital during the 4th quarter valued at approximately $473,000. Merit Financial Group LLC bought a new position in Blue Owl Capital during the 4th quarter valued at approximately $519,000. Northside Capital Management LLC bought a new position in Blue Owl Capital during the 4th quarter valued at approximately $596,000. Oak Thistle LLC raised its position in Blue Owl Capital by 474.6% during the 4th quarter. Oak Thistle LLC now owns 94,672 shares of the company’s stock valued at $2,202,000 after purchasing an additional 78,196 shares during the last quarter. Finally, Capital CS Group LLC bought a new position in Blue Owl Capital during the 4th quarter valued at approximately $620,000. 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.