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.
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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.
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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.