TD Cowen Lowers Blue Owl Capital (NYSE:OWL) Price Target to $21.50

Blue Owl Capital (NYSE:OWL) had its price objective dropped by equities researchers at TD Cowen from $23.00 to $21.50 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 19.78% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Piper Sandler upped their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group lifted their price objective on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, UBS Group raised Blue Owl Capital from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.89.

Blue Owl Capital Stock Performance

OWL stock opened at $17.95 on Friday. The firm has a 50-day simple moving average of $18.33 and a two-hundred day simple moving average of $15.87. Blue Owl Capital has a one year low of $9.70 and a one year high of $19.87. The firm has a market cap of $25.65 billion, a price-to-earnings ratio of 149.58, a PEG ratio of 1.16 and a beta of 1.24.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.02%. During the same period last year, the firm earned $0.15 earnings per share. As a group, equities analysts predict that Blue Owl Capital will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new position in Blue Owl Capital in the third quarter valued at $27,000. Salem Investment Counselors Inc. raised its position in shares of Blue Owl Capital by 58.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after acquiring an additional 1,159 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of Blue Owl Capital during the 3rd quarter worth about $49,000. Finally, Loomis Sayles & Co. L P grew its position in shares of Blue Owl Capital by 1,570.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,877 shares of the company’s stock valued at $63,000 after acquiring an additional 4,585 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

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.