Blue Owl Capital (NYSE:OWL) Upgraded at TD Cowen

Blue Owl Capital (NYSE:OWL - Get Free Report) was upgraded by equities researchers at TD Cowen from a "hold" rating to a "buy" rating in a report released on Thursday, MarketBeat reports. The firm presently has a $28.00 price objective on the stock, up from their prior price objective of $26.00. TD Cowen's price target would suggest a potential upside of 19.38% from the stock's previous close.

Several other brokerages have also commented on OWL. Keefe, Bruyette & Woods raised their price objective 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. Evercore ISI raised their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. 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. The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Oppenheimer upped their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.77.

Blue Owl Capital Price Performance

OWL stock traded up $0.55 during trading on Thursday, hitting $23.46. 12,672,485 shares of the company traded hands, compared to its average volume of 6,535,285. The stock's 50-day simple moving average is $23.48 and its 200 day simple moving average is $20.59. The company has a market cap of $35.03 billion, a PE ratio of 137.98, a P/E/G ratio of 1.29 and a beta of 1.14. Blue Owl Capital has a 1 year low of $14.85 and a 1 year high of $25.03.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate 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 analyst estimates of $565.93 million. During the same period last year, the company earned $0.16 earnings per share. Research analysts expect that Blue Owl Capital will post 0.78 earnings per share for the current year.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $473,000. Merit Financial Group LLC acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $519,000. Northside Capital Management LLC acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $596,000. Oak Thistle LLC raised its holdings in Blue Owl Capital by 474.6% in the fourth quarter. Oak Thistle LLC now owns 94,672 shares of the company's stock valued at $2,202,000 after acquiring an additional 78,196 shares in the last quarter. Finally, Capital CS Group LLC acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $620,000. Institutional investors and hedge funds own 35.85% of the company's stock.

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.