why Blue Owl Capital Corp [OBDC] is a Good Choice for Investors After New Price Target of $16.30

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Blue Owl Capital Corp [NYSE: OBDC] loss -0.68% or -0.1 points to close at $14.58 with a heavy trading volume of 4115605 shares.

The daily chart for OBDC points out that the company has recorded 0.22% gains over the past six months.

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If we look at the average trading volume of 2.06M shares, OBDC reached to a volume of 4115605 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Blue Owl Capital Corp [OBDC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OBDC shares is $16.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OBDC stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Hovde Group have made an estimate for Blue Owl Capital Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 10, 2024. The new note on the price target was released on January 08, 2024, representing the official price target for Blue Owl Capital Corp stock. Previously, the target price had yet another raise to $15.25, while B. Riley Securities analysts kept a Buy rating on OBDC stock. On July 25, 2022, analysts decreased their price target for OBDC shares from 13.75 to 12.

The Average True Range (ATR) for Blue Owl Capital Corp is set at 0.32, with the Price to Sales ratio for OBDC stock in the period of the last 12 months amounting to 3.55. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 0.97. Price to Free Cash Flow for OBDC in the course of the last twelve months was 10.18.

Trading performance analysis for OBDC stock

Blue Owl Capital Corp [OBDC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.63. With this latest performance, OBDC shares dropped by -6.18% in over the last four-week period, additionally plugging by 0.22% over the last 6 months – not to mention a rise of 6.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OBDC stock in for the last two-week period is set at 33.51, with the RSI for the last a single of trading hit 31.32, and the three-weeks RSI is set at 35.40 for Blue Owl Capital Corp [OBDC]. The present Moving Average for the last 50 days of trading for this stock 15.67, while it was recorded at 14.70 for the last single week of trading, and 15.23 for the last 200 days.

An analysis of Institutional ownership at Blue Owl Capital Corp [OBDC]

The top three institutional holders of OBDC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in OBDC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in OBDC stock with ownership which is approximately 5.1238%.