Evercore ISI Issues Positive Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective lifted by analysts at Evercore ISI from $25.00 to $26.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s target price suggests a potential upside of 7.10% from the company’s previous close.

OWL has been the topic of several other research reports. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Piper Sandler boosted their price target 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. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $28.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company cut their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.10.

Blue Owl Capital Price Performance

Shares of OWL opened at $24.28 on Friday. The stock’s 50-day moving average is $23.52 and its two-hundred day moving average is $20.68. The stock has a market cap of $36.26 billion, a PE ratio of 142.81, a P/E/G ratio of 1.29 and a beta of 1.14. Blue Owl Capital has a 12 month low of $14.85 and a 12 month high of $25.03.

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

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors have recently made changes to their positions in OWL. FMR LLC grew its holdings in shares of Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares during the last quarter. Stone Point Capital LLC bought a new position in shares of Blue Owl Capital during the second quarter valued at approximately $112,749,000. Point72 Asset Management L.P. grew its holdings in shares of Blue Owl Capital by 69.2% during the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after purchasing an additional 1,683,408 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares during the last quarter. Finally, Point72 Europe London LLP acquired a new position in shares of Blue Owl Capital during the second quarter worth approximately $21,243,000. 35.85% of the stock is owned by institutional investors.

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.