The Carlyle Group (NASDAQ:CG) Stock Rating Lowered by StockNews.com

The Carlyle Group (NASDAQ:CG) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other research analysts have also recently weighed in on CG. Oppenheimer upped their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Wells Fargo & Company cut their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays cut their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.93.

The Carlyle Group Price Performance

CG opened at $49.86 on Thursday. The company has a fifty day simple moving average of $52.56 and a 200 day simple moving average of $48.51. 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 stock has a market cap of $17.83 billion, a P/E ratio of 17.94, a P/E/G ratio of 0.99 and a beta of 1.70. The Carlyle Group has a 12 month low of $36.65 and a 12 month high of $57.50.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts expect that The Carlyle Group will post 4.48 EPS for the current year.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds have recently bought and sold shares of CG. Creative Planning raised its stake in The Carlyle Group by 7.4% in the 3rd quarter. Creative Planning now owns 12,787 shares of the financial services provider’s stock valued at $551,000 after acquiring an additional 882 shares during the period. Blue Trust Inc. raised its position in shares of The Carlyle Group by 147.9% in the third quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,139 shares during the period. Raymond James & Associates boosted its holdings in shares of The Carlyle Group by 11.3% during the 3rd quarter. Raymond James & Associates now owns 546,405 shares of the financial services provider’s stock worth $23,528,000 after buying an additional 55,364 shares during the period. SOL Capital Management CO grew its stake in The Carlyle Group by 5.2% in the 3rd quarter. SOL Capital Management CO now owns 151,134 shares of the financial services provider’s stock valued at $6,508,000 after buying an additional 7,510 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in The Carlyle Group in the 3rd quarter valued at about $67,540,000. 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.