BMO Capital Markets Has Lowered Expectations for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price target decreased by BMO Capital Markets from $12.00 to $11.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 17.45% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Oppenheimer cut their price objective on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. The Goldman Sachs Group decreased their target price on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday. TD Cowen reaffirmed a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. Finally, Barclays decreased their price target on Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.37.

Blue Owl Capital Price Performance

OWL stock opened at $9.37 on Monday. Blue Owl Capital has a 12 month low of $7.95 and a 12 month high of $21.08. The firm has a market cap of $14.56 billion, a PE ratio of 78.05, a P/E/G ratio of 1.01 and a beta of 1.22. The firm has a 50 day simple moving average of $9.62 and a 200 day simple moving average of $10.97.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, sell-side analysts expect that Blue Owl Capital will post 0.87 earnings per share for the current year.

Hedge Funds Weigh In On Blue Owl Capital

Large investors have recently made changes to their positions in the business. Arax Advisory Partners acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth approximately $25,000. Roxbury Financial LLC increased its stake in Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after buying an additional 1,400 shares during the period. Toronto Dominion Bank acquired a new position in Blue Owl Capital in the 4th quarter valued at approximately $26,000. Lavaca Capital LLC purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $28,000. Finally, Essential Partners LLC lifted its position in Blue Owl Capital by 739.7% in the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after buying an additional 2,833 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.