Blue Owl Capital (NYSE:OWL) Stock Price Expected to Rise, Piper Sandler Analyst Says

Blue Owl Capital (NYSE:OWL) had its target price lifted by analysts at Piper Sandler from $25.00 to $27.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 12.17% from the stock’s previous close.

Several other brokerages have also recently issued reports on OWL. JMP Securities reissued a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer upped their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Four investment 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 stock has an average rating of “Moderate Buy” and an average price target of $23.73.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $24.07 on Monday. The business’s 50-day simple moving average is $23.28 and its two-hundred day simple moving average is $19.92. The company has a market cap of $35.95 billion, a PE ratio of 141.60, a PEG ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a fifty-two week low of $14.37 and a fifty-two week high of $25.03.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Trust N.A. grew its holdings in shares of Blue Owl Capital by 6.7% in the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock valued at $199,000 after purchasing an additional 708 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Blue Owl Capital by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,406,242 shares of the company’s stock valued at $42,711,000 after buying an additional 105,774 shares during the period. Encompass More Asset Management acquired a new position in shares of Blue Owl Capital during the second quarter worth about $219,000. State of New Jersey Common Pension Fund A purchased a new stake in shares of Blue Owl Capital during the second quarter worth approximately $63,115,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Blue Owl Capital by 6.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,793 shares of the company’s stock valued at $1,239,000 after acquiring an additional 4,505 shares in the last quarter. 35.85% of the stock is currently 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.