Oaktree Capital Group LLC Price Target Cut to $60.00 by Analysts at Credit Suisse (OAK)
Credit Suisse cut their target price on shares of Oaktree Capital Group LLC (NYSE:OAK) to $60.00 in a research note issued on Monday, AnalystRatings.NET reports. Credit Suisse’s price objective indicates a potential upside of 9.03% from the company’s current price.
A number of other analysts have also recently weighed in on OAK. Analysts at Merrill Lynch downgraded shares of Oaktree Capital Group LLC from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 16th. Separately, analysts at Bank of America Corp. downgraded shares of Oaktree Capital Group LLC from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 16th. They now have a $58.00 price target on the stock, down previously from $62.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Oaktree Capital Group LLC from $61.00 to $62.00 in a research note to investors on Tuesday, July 16th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $60.20.
Shares of Oaktree Capital Group LLC (NYSE:OAK) traded down 0.97% on Monday, hitting $55.03. The stock had a trading volume of 90,823 shares. Oaktree Capital Group LLC has a one year low of $39.70 and a one year high of $59.50. The stock’s 50-day moving average is $53.39 and its 200-day moving average is $53.02. The company has a market cap of $2.104 billion and a price-to-earnings ratio of 9.62.
Oaktree Capital Group LLC (NYSE:OAK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.62 by $0.13. The company had revenue of $555.10 million for the quarter, compared to the consensus estimate of $543.91 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 62.7% on a year-over-year basis. On average, analysts predict that Oaktree Capital Group LLC will post $5.82 earnings per share for the current fiscal year.
Oaktree Capital Group, LLC (NYSE:OAK) is a global investment management firm focused on alternative markets.
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