Barclays Issues Positive Forecast for The Carlyle Group (NASDAQ:CG) Stock Price

The Carlyle Group (NASDAQ:CG) had its target price upped by Barclays from $43.00 to $49.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 16.56% from the stock’s previous close.

CG has been the topic of several other reports. TD Cowen dropped their price target on The Carlyle Group from $54.00 to $37.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Oppenheimer lowered shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Evercore ISI lifted their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Finally, Bank of America dropped their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research note on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.73.

The Carlyle Group Price Performance

NASDAQ CG opened at $42.04 on Friday. The Carlyle Group has a 1 year low of $33.02 and a 1 year high of $57.50. The stock’s 50-day moving average price is $40.35 and its two-hundred day moving average price is $47.99. The company has a market cap of $15.17 billion, a PE ratio of 15.12, a PEG ratio of 0.98 and a beta of 1.85. 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 Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The firm had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same quarter last year, the business posted $1.01 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, analysts predict that The Carlyle Group will post 4.48 EPS for the current year.

Institutional Inflows and Outflows

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

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.