Wall Street predicts Oaktree Specialty Lending Corp (OCSL) stock to surge by 7.49%

Oaktree Specialty Lending Corp [OCSL] stock prices are down -0.18% to $16.28 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OCSL shares have gain 1.75% over the last week, with a monthly amount drifted -4.96%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Oaktree Specialty Lending Corp [NASDAQ: OCSL] stock has seen the most recent analyst activity on August 26, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $17 from $18. Previously, Oppenheimer downgraded its rating to Perform on August 02, 2024. On February 02, 2024, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $19 on the stock. B. Riley Securities downgraded its rating to a Neutral but stick to its price target of $21 on January 08, 2024. Hovde Group downgraded its rating to a Market Perform but $21 remained the price target by the analyst firm on August 04, 2023. B. Riley Securities started tracking with a Buy rating for this stock on October 14, 2022, and assigned it a price target of $6.25. In a note dated June 24, 2021, Oppenheimer initiated an Outperform rating and provided a target price of $7.50 on this stock.

The stock price of Oaktree Specialty Lending Corp [OCSL] has been fluctuating between $15.56 and $21.64 over the past year. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. Oaktree Specialty Lending Corp [NASDAQ: OCSL] shares were valued at $16.28 at the most recent close of the market. An investor can expect a potential return of 7.49% based on the average OCSL price forecast.

Analyzing the OCSL fundamentals

The Oaktree Specialty Lending Corp [NASDAQ:OCSL] reported sales of 388.87M for trailing twelve months, representing a drop of -6.80%. Gross Profit Margin for this corporation currently stands at 1.14% with Operating Profit Margin at 0.96%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.39%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.13.

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 16.18 points at the first support level, and at 16.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.38, and for the 2nd resistance point, it is at 16.49.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 3.44, the price to book ratio is 0.89 and price to earnings (TTM) ratio is 18.50.

Transactions by insiders

Recent insider trading involved CALDWELL PHYLLIS R, Director, that happened on Sep 20 ’24 when 1000.0 shares were purchased. Director, CALDWELL PHYLLIS R completed a deal on Aug 13 ’24 to buy 1334.0 shares. Meanwhile, Director CALDWELL PHYLLIS R bought 2000.0 shares on Feb 12 ’24.

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