Oaktree Capital Group LLC Downgraded by Zacks to Underperform (OAK)
Oaktree Capital Group LLC (NYSE:OAK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, Analyst Ratings News reports. They currently have a $54.70 price objective on the stock. Zacks‘ target price points to a potential downside of 3.25% from the company’s current price.
OAK has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated a “hold” rating on shares of Oaktree Capital Group LLC in a research note to investors on Monday, October 14th. They now have a $58.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Oaktree Capital Group LLC to $60.00 in a research note to investors on Monday, October 14th. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Oaktree Capital Group LLC has a consensus rating of “Hold” and an average price target of $59.28.
Oaktree Capital Group LLC (NYSE:OAK) traded down 1.07% during mid-day trading on Tuesday, hitting $56.54. The stock had a trading volume of 147,428 shares. Oaktree Capital Group LLC has a one year low of $38.31 and a one year high of $59.50. The stock’s 50-day moving average is $52.89 and its 200-day moving average is $52.56. The company has a market cap of $2.162 billion and a P/E ratio of 9.89.
Oaktree Capital Group LLC (NYSE:OAK) last announced its earnings results on Tuesday, August 6th. The company reported $1.75 earnings per share for the quarter, beating the Thomson Reuters 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 $5.74 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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