Shares of Carlyle Group (NASDAQ:CG) have been given a consensus rating of “Buy” by the thirteen analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $27.94.
Several research firms have recently commented on CG. BidaskClub lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Friday, April 6th. Citigroup upgraded Carlyle Group from a “neutral” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Monday, March 12th. ValuEngine lowered Carlyle Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. TheStreet upgraded Carlyle Group from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, Credit Suisse Group increased their price target on Carlyle Group from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CG. Pinnacle Holdings LLC bought a new position in shares of Carlyle Group during the 4th quarter valued at about $103,000. Palo Capital Inc. bought a new position in shares of Carlyle Group during the 4th quarter valued at about $214,000. 180 Wealth Advisors LLC bought a new position in shares of Carlyle Group during the 4th quarter valued at about $219,000. Kovack Advisors Inc. bought a new position in shares of Carlyle Group during the 4th quarter valued at about $224,000. Finally, Whalerock Point Partners LLC bought a new position in shares of Carlyle Group in the 4th quarter valued at about $229,000. 40.63% of the stock is owned by institutional investors and hedge funds.
Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.60 by $0.41. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $773.13 million. Carlyle Group had a return on equity of 54.20% and a net margin of 6.64%. During the same period in the prior year, the business posted $0.02 EPS. equities research analysts anticipate that Carlyle Group will post 2.25 EPS for the current year.
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About Carlyle Group
The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. 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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