Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Blue Owl Capital (NYSE:OWL) Stock

Blue Owl Capital (NYSE:OWL) had its price target boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from $23.00 to $24.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 11.89% from the company’s current price.

A number of other research analysts have also recently issued reports on OWL. Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Oppenheimer lifted their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Evercore ISI boosted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Piper Sandler raised their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday. Finally, JMP Securities boosted their price objective on shares of Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $22.15.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $21.45 on Friday. Blue Owl Capital has a 1 year low of $12.24 and a 1 year high of $24.17. The stock has a fifty day moving average price of $19.81 and a two-hundred day moving average price of $18.68. The stock has a market capitalization of $31.39 billion, a price-to-earnings ratio of 134.07, a PEG ratio of 1.49 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter last year, the firm posted $0.16 EPS. On average, analysts predict that Blue Owl Capital will post 0.78 EPS for the current year.

Institutional Trading of Blue Owl Capital

A number of hedge funds have recently bought and sold shares of OWL. Transcendent Capital Group LLC purchased a new position in shares of Blue Owl Capital during the 1st quarter worth $26,000. ORG Wealth Partners LLC acquired a new position in Blue Owl Capital in the third quarter valued at $32,000. ORG Partners LLC purchased a new position in Blue Owl Capital during the second quarter worth about $32,000. Family Firm Inc. acquired a new stake in Blue Owl Capital in the 2nd quarter worth about $40,000. Finally, Rothschild Investment LLC purchased a new stake in Blue Owl Capital in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds 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.