Oaktree Capital Group Reaches New 1-Year Low at $48.90 (OAK)
Shares of Oaktree Capital Group (NYSE:OAK) reached a new 52-week low on Monday , Analyst Ratings Network reports. The stock traded as low as $48.90 and last traded at $49.00, with a volume of 269,093 shares. The stock had previously closed at $49.54.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Oaktree Capital Group from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $50.50 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of Oaktree Capital Group from an “outperform” rating to a “market perform” rating in a research note on Monday, May 5th. They now have a $60.00 price target on the stock, down previously from $64.00. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Oaktree Capital Group currently has an average rating of “Hold” and an average price target of $59.42.
The stock has a 50-day moving average of $50.22 and a 200-day moving average of $55.18. The company has a market cap of $2.142 billion and a price-to-earnings ratio of 8.56.
Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.32. The company had revenue of $527.70 million for the quarter, compared to the consensus estimate of $416.60 million. During the same quarter in the previous year, the company posted $1.95 earnings per share. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. Analysts expect that Oaktree Capital Group will post $4.23 EPS 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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