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Shares of Oaktree Capital Group (NYSE:OAK) have earned an average rating of “Hold” from the eight ratings firms that are covering the stock, Analyst RN reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $59.42.

Oaktree Capital Group (NYSE:OAK) opened at 49.23 on Thursday. Oaktree Capital Group has a one year low of $47.36 and a one year high of $62.30. The stock has a 50-day moving average of $50.07 and a 200-day moving average of $54.97. The company has a market cap of $2.140 billion and a P/E ratio of 8.47.

Oaktree Capital Group (NYSE:OAK) last released its earnings data on Thursday, May 1st. The company reported $1.41 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.95 earnings per share. Oaktree Capital Group’s revenue was down 11.1% compared to the same quarter last year. On average, analysts predict that Oaktree Capital Group will post $4.20 earnings per share for the current fiscal year.

OAK has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Oaktree Capital Group from an “underperform” rating to a “neutral” rating in a research note on Monday, July 7th. 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.

Oaktree Capital Group, LLC (NYSE:OAK) is a global investment management firm focused on alternative markets.

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