Top25-SA-Banner

Morgan Stanley Reaffirms Their Buy Rating on Oaktree Capital Group Llc (OAK)


In a report released today, Michael Cyprys from Morgan Stanley maintained a Buy rating on Oaktree Capital Group Llc (NYSE: OAK), with a price target of $47. The company’s shares closed yesterday at $41.71.

According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 5.2% and a 70.2% success rate. Cyprys covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, E*Trade Financial, and Hamilton Lane Inc.

Currently, the analyst consensus on Oaktree Capital Group Llc is a Moderate Buy with an average price target of $47.

See today’s analyst top recommended stocks >>

Based on Oaktree Capital Group Llc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $31.12 million. In comparison, last year the company had a net profit of $45.84 million.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Oaktree Capital Group LLC is an investment management company. It focuses on the investments in distressed debt, corporate debt, controls investing, convertible securities, real estate, and listed equities.