Oaktree Capital Group LLC Coverage Initiated by Analysts at Deutsche Bank (OAK)
Equities research analysts at Deutsche Bank assumed coverage on shares of Oaktree Capital Group LLC (NYSE:OAK) in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm set a “buy” rating on the stock.
OAK has been the subject of a number of other recent research reports. Analysts at Credit Suisse initiated coverage on shares of Oaktree Capital Group LLC in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Oaktree Capital Group LLC from $61.00 to $65.00 in a research note to investors on Thursday, November 14th. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet upgraded shares of Oaktree Capital Group LLC from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Oaktree Capital Group LLC currently has a consensus rating of “Hold” and a consensus target price of $60.12.
Oaktree Capital Group LLC (NYSE:OAK) traded up 2.62% during mid-day trading on Tuesday, hitting $58.86. The stock had a trading volume of 117,404 shares. Oaktree Capital Group LLC has a 52 week low of $46.78 and a 52 week high of $61.88. The stock’s 50-day moving average is $57.52 and its 200-day moving average is $55.05. The company has a market cap of $2.251 billion and a price-to-earnings ratio of 9.62.
Oaktree Capital Group LLC (NYSE:OAK) last posted its quarterly earnings results on Friday, November 1st. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.15. The company had revenue of $361.60 million for the quarter, compared to the consensus estimate of $374.45 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. On average, analysts predict that Oaktree Capital Group LLC will post $6.01 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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