The Carlyle Group (NASDAQ:CG - Get Free Report) had its price target decreased by research analysts at TD Cowen from $54.00 to $37.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the financial services provider's stock. TD Cowen's price objective suggests a potential upside of 1.12% from the stock's current price.
A number of other analysts have also weighed in on CG. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research report on Friday, January 3rd. Citigroup dropped their price objective on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, JMP Securities cut their price objective on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $50.71.
Read Our Latest Stock Report on CG
The Carlyle Group Price Performance
NASDAQ:CG traded up $0.36 during trading hours on Wednesday, reaching $36.59. 5,582,205 shares of the company were exchanged, compared to its average volume of 2,530,075. The Carlyle Group has a twelve month low of $33.02 and a twelve month high of $57.50. The stock's 50-day moving average is $45.25 and its 200-day moving average is $49.26. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm has a market cap of $13.22 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72.
The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results 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 return on equity of 24.02% and a net margin of 18.81%. On average, sell-side analysts anticipate that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.
Institutional Investors Weigh In On The Carlyle Group
A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of The Carlyle Group by 117.2% during the first quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock worth $43,000 after acquiring an additional 525 shares during the last quarter. Daymark Wealth Partners LLC increased its stake in shares of The Carlyle Group by 106.8% in the first quarter. Daymark Wealth Partners LLC now owns 10,014 shares of the financial services provider's stock worth $437,000 after buying an additional 5,172 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in The Carlyle Group by 26.9% in the first quarter. Wesbanco Bank Inc. now owns 177,891 shares of the financial services provider's stock valued at $7,754,000 after acquiring an additional 37,659 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of The Carlyle Group by 36.4% in the 1st quarter. Park Avenue Securities LLC now owns 11,303 shares of the financial services provider's stock worth $493,000 after purchasing an additional 3,015 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in shares of The Carlyle Group by 28.3% during the first quarter. Wedmont Private Capital now owns 5,635 shares of the financial services provider's stock worth $246,000 after purchasing an additional 1,244 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.
About The Carlyle Group
(
Get Free Report)
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.
Featured Articles
Before you consider The Carlyle Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Carlyle Group wasn't on the list.
While The Carlyle Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
