The Carlyle Group (NASDAQ:CG) Price Target Cut to $43.00 by Analysts at Barclays

The Carlyle Group (NASDAQ:CG - Get Free Report) had its price objective cut by investment analysts at Barclays from $55.00 to $43.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Barclays's target price would indicate a potential upside of 18.69% from the company's previous close.

Several other brokerages have also recently weighed in on CG. Oppenheimer cut The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Bank of America decreased their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Wolfe Research raised shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company cut their price target on The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $51.06.

Remove Ads

The Carlyle Group Stock Performance

Shares of NASDAQ:CG traded down $0.40 during trading on Monday, hitting $36.23. The stock had a trading volume of 4,744,812 shares, compared to its average volume of 2,519,243. The stock has a 50-day simple moving average of $45.25 and a two-hundred day simple moving average of $49.22. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The Carlyle Group has a 12-month low of $33.02 and a 12-month high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, equities research analysts expect that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in CG. Korea Investment CORP increased its position in The Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock worth $8,364,000 after purchasing an additional 36,873 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock valued at $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Sargent Investment Group LLC raised its position in The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after purchasing an additional 18,537 shares during the period. Franklin Street Advisors Inc. NC purchased a new position in shares of The Carlyle Group during the fourth quarter worth $17,671,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of The Carlyle Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock valued at $70,999,000 after buying an additional 14,024 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.