Blue Owl Capital Corp (OBDC) stock forecast: Can it reach its 52-week high of $15.83

Blue Owl Capital Corp [OBDC] stock prices are up 1.61% to $15.79 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The OBDC shares have gain 3.20% over the last week, with a monthly amount glided 2.47%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Blue Owl Capital Corp [NYSE: OBDC] stock has seen the most recent analyst activity on January 08, 2024, when B. Riley Securities downgraded its rating to a Neutral but kept the price target unchanged to $15.50 for it. Previously, B. Riley Securities started tracking the stock with Buy rating on July 28, 2023, and set its price target to $15.25. On July 25, 2022, downgrade downgraded it’s rating to Underweight and revised its price target to $12 on the stock. Hovde Group upgraded its rating to a Outperform but stick to its price target of $15 on May 06, 2022. Hovde Group initiated its recommendation with a Market Perform. Oppenheimer started tracking with a Outperform rating for this stock on April 01, 2021, and assigned it a price target of $15. In a note dated February 26, 2021, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $13.50 to $15.

The stock price of Blue Owl Capital Corp [OBDC] has been fluctuating between $11.95 and $15.83 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Blue Owl Capital Corp [NYSE: OBDC] shares were valued at $15.79 at the most recent close of the market. An investor can expect a potential return of 1.33% based on the average OBDC price forecast.

Analyzing the OBDC fundamentals

The Blue Owl Capital Corp [NYSE:OBDC] reported sales of 1.53B for trailing twelve months, representing a surge of 17.25%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 1.05%, Pretax Profit Margin comes in at 0.94%, and Net Profit Margin reading is 0.92%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.18.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.64 points at the first support level, and at 15.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.88, and for the 2nd resistance point, it is at 15.97.

Blue Owl Capital Corp [OBDC] reported earnings per share of $0.51 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.48/share, meaning a difference of $0.03 and a surprise factor of 6.30%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.49 per share as compared to estimates of $0.47 per share, a difference of $0.02 representing a surprise of 4.30%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 4.02, the price to book ratio is 1.02 and price to earnings (TTM) ratio is 7.76.

Transactions by insiders

Recent insider trading involved DAlelio Edward H, Director, that happened on Mar 05 ’24 when 3000.0 shares were purchased. Director, Temple Chris completed a deal on May 26 ’23 to buy 5900.0 shares. Meanwhile, Co-Treasurer and Co-Controller Swatt Matthew bought 65.0 shares on May 25 ’23.

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