Compass Point Resumes Och-Ziff Capital Management Group (OZM) at Neutral

Compass Point resumes coverage on Och-Ziff Capital Management Group (NYSE: OZM) with a Neutral rating and a price target of $13.00.

Analyst Amy DeBone commented, "Our $13 price target represents 8x 2016 EPS, which is slightly below the private equity peer group but in-line with the historical multiple. OZM continues to diversify its income stream grow the long-term AUM base through new product offerings. The core multi-strategy funds continue to perform well given the difficult investment environment. The OZ Master Fund has returned 4.13% YTD, outperforming peers, although, OZM AUM has declined to $46.3B due to $1.3B redemptions in June. Considering the muted, but stable performance and AUM growth, as well as the regulatory headwinds created by the Foreign Corrupt Practices Act (FCPA) investigation, we believe that shares are fairly priced at 8x EPS."

For an analyst ratings summary and ratings history on Och-Ziff Capital Management Group click here. For more ratings news on Och-Ziff Capital Management Group click here.

Shares of Och-Ziff Capital Management Group closed at $12.51 yesterday.

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