Blue Owl Still Looks Promising

Summary

• Blue Owl Capital (OWL) has shown strong technical indicators with a 19.81% gain since the Trend Seeker buy signal on 9/18 and a 24.12% rise in the last month.
• The company offers diverse capital solutions, including direct lending, GP strategic capital, and real estate products, with a market cap of $30.95 billion and a P/E of 30.57.
• Analysts are optimistic with 10 strong buy ratings and price targets between $17 and $26, despite mixed ratings from Value Line, CFRA, and MorningStar.
• Revenue and earnings are projected to grow significantly, with a 23.60% revenue increase this year and a 19.85% compounded annual earnings growth over the next five years.

The Chart of the Day belongs to the asset manager Blue Owl Capital (OWL) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 9/18 the stock gained 19.81%.

Blue Owl Capital Inc. operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. Blue Owl Capital Inc. is headquartered in New York, New York. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 72.41+ Weighted Alpha
• 65.93% gain in the last year
• Trend Seeker buy signal
• 1.18 - 60 month Beta
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 24.12% in the last month
• Relative Strength Index 78.37%
• Technical support level at $21.53
• Recently traded at $21.77 with 50 day moving average of $18.31

Fundamental Factors:

• Market Cap $30.95 billion
• P/E 30.57
• Dividend yield 2.95%
• Revenue expected to grow 23.60% this year and another31.50% next year
• Earnings are estimated to increase 20.00% this year, increase an additional 24.60% next year and continue to increase at a compounded annual rate of 19.85% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analyst gave 10 strong buy, 1 buy and 4 hold opinions on the stock
• Analysts' price targets are between $17 and $26
• Value Line rates the stock its below rating of 4 with a price target of $27
• CFRAs MarketScope rates the stock a hold
• MorningStar give the stock its average rating of 3 with a fair value of $20.83
• 8,730 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

On the date of publication, Jim Van Meerten had a position in: OWL . All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.