Evercore ISI Boosts Blue Owl Capital (NYSE:OWL) Price Target to $26.00

Blue Owl Capital (NYSE:OWL) had its price objective raised by investment analysts at Evercore ISI from $25.00 to $26.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 8.51% from the company’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company decreased their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $28.00 in a research note on Thursday. UBS Group increased their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, JMP Securities reissued a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.10.

Blue Owl Capital Trading Up 2.4 %

Shares of OWL stock traded up $0.56 during trading hours on Friday, hitting $23.96. The company’s stock had a trading volume of 1,142,688 shares, compared to its average volume of 6,006,567. Blue Owl Capital has a 12-month low of $14.85 and a 12-month high of $25.03. The stock has a market cap of $35.79 billion, a PE ratio of 140.93, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. The company has a 50 day moving average of $23.49 and a 200 day moving average of $20.61.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $565.93 million. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, analysts anticipate that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new stake in Blue Owl Capital during the third quarter worth approximately $32,000. Versant Capital Management Inc boosted its stake in Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after purchasing an additional 1,110 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Blue Owl Capital during the third quarter worth about $138,000. Signaturefd LLC grew its holdings in shares of Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after buying an additional 1,476 shares during the last quarter. Finally, Chiron Investment Management LLC acquired a new position in Blue Owl Capital in the 3rd quarter valued at about $196,000. 35.85% of the stock is owned by institutional investors and hedge funds.

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.