The Carlyle Group (NASDAQ:CG) Price Target Cut to $44.00 by Analysts at Morgan Stanley

The Carlyle Group (NASDAQ:CG - Get Free Report) had its target price lowered by analysts at Morgan Stanley from $57.00 to $44.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's price target points to a potential upside of 22.77% from the stock's previous close.

Several other research firms have also weighed in on CG. Oppenheimer lowered shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. TD Cowen lowered their price objective on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Citigroup dropped their target price 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. Finally, JMP Securities lowered their price objective on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, The Carlyle Group has a consensus rating of "Hold" and a consensus price target of $50.71.

The Carlyle Group Price Performance

CG traded up $0.59 during midday trading on Monday, reaching $35.84. 3,036,030 shares of the company's stock were exchanged, compared to its average volume of 2,556,125. 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 firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The Carlyle Group has a one year low of $33.02 and a one year high of $57.50. The business has a 50-day simple moving average of $43.68 and a two-hundred day simple moving average of $48.93.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. As a group, research analysts predict that The Carlyle Group will post 4.48 EPS for the current year.

Hedge Funds Weigh In On The Carlyle Group

A number of large investors have recently bought and sold shares of the stock. Arizona State Retirement System lifted its stake in shares of The Carlyle Group by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock worth $3,395,000 after buying an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in The Carlyle Group by 0.3% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock worth $4,081,000 after acquiring an additional 225 shares during the period. Aviva PLC grew its holdings in The Carlyle Group by 1.3% during the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock valued at $879,000 after purchasing an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of The Carlyle Group by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock worth $2,353,000 after buying an additional 258 shares during the period. Finally, O ROURKE & COMPANY Inc increased its stake in shares of The Carlyle Group by 1.5% in the fourth quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider's stock worth $908,000 after purchasing an additional 266 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

About The Carlyle Group

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.