Oaktree Capital Group (OAK) Announces Quarterly Results
Oaktree Capital Group (NYSE:OAK) issued its quarterly earnings data on Thursday. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.08, AnalystRatings.Net reports. During the same quarter in the prior year, the company posted $1.75 earnings per share.
Shares of Oaktree Capital Group (NYSE:OAK) opened at 50.10 on Thursday. Oaktree Capital Group has a 52 week low of $47.36 and a 52 week high of $62.30. The stock has a 50-day moving average of $49.92 and a 200-day moving average of $54.29. The company has a market cap of $2.178 billion and a price-to-earnings ratio of 8.66.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill cut their price target on shares of Oaktree Capital Group from $64.00 to $58.00 in a research note on Wednesday, July 16th. On the ratings front, analysts at JPMorgan Chase & Co. cut their price target on shares of Oaktree Capital Group from $64.00 to $63.00 in a research note on Tuesday, July 15th. They now have a “neutral” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Oaktree Capital Group from $60.00 to $55.00 in a research note on Monday, July 14th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $57.79.
Oaktree Capital Group, LLC (NYSE:OAK) is a global investment management firm focused on alternative markets.
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