Oaktree Capital Management (OAK) Receives $49.40 Consensus Price Target from Analysts

Oaktree Capital Management (NYSE:OAK) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $49.40.

A number of research firms have recently commented on OAK. Zacks Investment Research raised Oaktree Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. ValuEngine cut Oaktree Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. JPMorgan Chase lowered their price target on Oaktree Capital Management from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Morgan Stanley lowered their price target on Oaktree Capital Management from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, March 1st. Finally, Deutsche Bank lowered their price target on Oaktree Capital Management from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, April 6th.

How to Become a New Pot Stock Millionaire

In other news, major shareholder Oaktree Capital Management Lp bought 72,908 shares of the stock in a transaction on Monday, April 2nd. The stock was acquired at an average price of $6.04 per share, with a total value of $440,364.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Oaktree Capital Group Holdings sold 1,821,377 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $20.15, for a total value of $36,700,746.55. The disclosure for this sale can be found here. Insiders have bought a total of 529,796 shares of company stock valued at $3,290,379 in the last three months.

A number of institutional investors and hedge funds have recently modified their holdings of the business. D.B. Root & Company LLC acquired a new position in Oaktree Capital Management in the 4th quarter worth about $542,000. Pin Oak Investment Advisors Inc. acquired a new position in Oaktree Capital Management in the 4th quarter worth about $1,957,000. Lake Street Advisors Group LLC acquired a new position in Oaktree Capital Management in the 4th quarter worth about $289,000. Lido Advisors LLC acquired a new position in Oaktree Capital Management in the 4th quarter worth about $222,000. Finally, Hoylecohen LLC bought a new stake in shares of Oaktree Capital Management in the 4th quarter valued at about $1,361,000. 22.95% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:OAK traded up $0.18 during trading on Thursday, reaching $39.93. 63,469 shares of the company traded hands, compared to its average volume of 363,613. The company has a market cap of $6,133.40, a price-to-earnings ratio of 10.09, a PEG ratio of 1.01 and a beta of 0.69. The company has a debt-to-equity ratio of 2.39, a quick ratio of 6.04 and a current ratio of 6.04. Oaktree Capital Management has a 52 week low of $38.80 and a 52 week high of $48.50.

Oaktree Capital Management (NYSE:OAK) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.17. Oaktree Capital Management had a return on equity of 18.04% and a net margin of 15.75%. The company had revenue of $327.40 million during the quarter, compared to analysts’ expectations of $286.45 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Oaktree Capital Management’s revenue was down 6.8% on a year-over-year basis. research analysts predict that Oaktree Capital Management will post 3.36 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Oaktree Capital Management (OAK) Receives $49.40 Consensus Price Target from Analysts” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://sportsperspectives.com/2018/04/17/oaktree-capital-management-oak-receives-49-40-consensus-price-target-from-analysts.html.

Oaktree Capital Management Company Profile

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

Analyst Recommendations for Oaktree Capital Management (NYSE:OAK)

Receive News & Ratings for Oaktree Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply