Stock Rating Downgrade
The Value Trend Rating for Oaktree Specialty Lending Corp (NASDAQ: OCSL) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Oaktree Specialty Lending Corp (NASDAQ: OCSL) stock closed at $19.52 on 4/8/24 after a modest gain of 0.4%. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has declined -0.7% during the last week.
Current PriceTarget Research Rating
OCSL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Oaktree Specialty Lending has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Oaktree Specialty Lending has a good Appreciation Score of 76 but a neutral Power Rating of 47, leading to the High Neutral Value Trend Rating.
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