Goldman Sachs Cuts Och-Ziff Capital Management Group LLC to Buy (OZM)

By admin | 6 years ago

Och-Ziff Capital Management Group LLC (NYSE: OZM) was downgraded by equities research analysts at Goldman Sachs (NYSE: GS) to a “buy” rating in a research note issued to investors on Friday.

Separately, analysts at Citigroup (NYSE: C) cut their price target on shares of Och-Ziff Capital Management Group LLC to $11.50 in a research note to investors on Thursday, May 3rd. They now have a “buy” rating on the stock.

Shares of Och-Ziff Capital Management Group LLC traded down 2.59% during mid-day trading on Friday, hitting $6.77. Och-Ziff Capital Management Group LLC has a 52 week low of $6.56 and a 52 week high of $14.55. The company’s market cap is $947.4 million.

Och-Ziff Capital Management Group LLC last announced its earnings results on Wednesday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Och-Ziff Capital Management Group LLC will post $0.13 earnings per share next quarter.

Och-Ziff Capital Management Group LLC (Och-Ziff) is an independent alternative asset manager with a diversified institutional investor base.

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