Oaktree Capital Group Given Consensus Rating of “Hold” by Brokerages (NYSE:OAK)
Oaktree Capital Group (NYSE:OAK) has earned an average rating of “Hold” from the eight analysts that are presently covering the company, StockRatingsNetwork reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $59.20.
Oaktree Capital Group (NYSE:OAK) opened at 50.21 on Thursday. Oaktree Capital Group has a 52-week low of $47.36 and a 52-week high of $62.30. The stock’s 50-day moving average is $49.6 and its 200-day moving average is $53.18. The company has a market cap of $2.183 billion and a price-to-earnings ratio of 10.42.
Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.08. The company had revenue of $302.52 million for the quarter, compared to the consensus estimate of $282.44 million. During the same quarter last year, the company posted $1.75 earnings per share. On average, analysts predict that Oaktree Capital Group will post $3.86 earnings per share for the current fiscal year.
OAK has been the subject of a number of recent research reports. Analysts at Bank of America upgraded shares of Oaktree Capital Group to a “buy” rating in a research note on Tuesday, August 12th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Oaktree Capital Group in a research note on Friday, August 1st. They now have a $60.00 price target on the stock. Finally, 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.
Oaktree Capital Group, LLC (NYSE:OAK) is a global investment management firm focused on alternative markets.
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