The Carlyle Group LP (NASDAQ:CG) Receives $27.23 Average PT from Brokerages

Shares of The Carlyle Group LP (NASDAQ:CG) have received an average rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $27.23.

A number of research analysts have commented on CG shares. TheStreet downgraded shares of The Carlyle Group from a “c” rating to a “d” rating in a research report on Tuesday, May 5th. Cfra cut their target price on shares of The Carlyle Group from $29.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Citigroup downgraded shares of The Carlyle Group from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Bank of America cut shares of The Carlyle Group from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $24.00 to $17.00 in a report on Monday, March 23rd. Finally, BidaskClub cut shares of The Carlyle Group from a “buy” rating to a “hold” rating in a report on Tuesday.

CG stock traded up $0.44 during trading on Friday, hitting $27.73. The company had a trading volume of 7,773 shares, compared to its average volume of 4,003,426. The firm has a market capitalization of $9.51 billion, a P/E ratio of -454.83 and a beta of 1.67. The Carlyle Group has a 52-week low of $15.21 and a 52-week high of $34.98. The company has a 50 day simple moving average of $27.74 and a 200-day simple moving average of $27.74. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 3.22.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.09. The company had revenue of ($745.70) million for the quarter, compared to the consensus estimate of $523.32 million. The Carlyle Group had a negative net margin of 13.26% and a positive return on equity of 13.74%. The firm’s revenue was down 168.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 EPS. Sell-side analysts forecast that The Carlyle Group will post 1.49 earnings per share for the current year.

In other news, major shareholder Carlyle Group Management L.L.C sold 2,000,000 shares of The Carlyle Group stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $124.56, for a total transaction of $249,120,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Several large investors have recently bought and sold shares of CG. Geode Capital Management LLC increased its holdings in The Carlyle Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 90,394 shares of the financial services provider’s stock worth $2,899,000 after acquiring an additional 420 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in The Carlyle Group by 4.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,583 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 492 shares in the last quarter. Highlander Capital Management LLC increased its holdings in The Carlyle Group by 21.7% in the 1st quarter. Highlander Capital Management LLC now owns 2,800 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 500 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in The Carlyle Group by 6.7% in the 4th quarter. Sunbelt Securities Inc. now owns 11,216 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 706 shares in the last quarter. Finally, Sandy Spring Bank increased its holdings in The Carlyle Group by 37.6% in the 1st quarter. Sandy Spring Bank now owns 3,660 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,000 shares in the last quarter. 23.59% of the stock is owned by hedge funds and other institutional investors.

About The Carlyle Group

The Carlyle Group L.P. 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.

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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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