The Carlyle Group (NASDAQ:CG) Price Target Raised to $52.00 at Evercore ISI

The Carlyle Group (NASDAQ:CG) had its target price raised by equities research analysts at Evercore ISI from $51.00 to $52.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target would indicate a potential upside of 4.88% from the company’s previous close.

Several other brokerages also recently commented on CG. Oppenheimer raised their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Barclays dropped their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group upped their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. TD Cowen lifted their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $55.07.

The Carlyle Group Trading Down 3.7 %

Shares of CG stock opened at $49.58 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The firm’s 50 day moving average price is $52.79 and its two-hundred day moving average price is $48.25. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 170.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last posted its earnings results 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 2.21% and a return on equity of 24.91%. On average, analysts anticipate that The Carlyle Group will post 3.73 EPS for the current year.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC lifted its holdings in The Carlyle Group by 15.5% in the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after acquiring an additional 1,773,465 shares during the last quarter. FMR LLC lifted its holdings in shares of The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the last quarter. Raymond James Financial Inc. acquired a new position in The Carlyle Group during the 4th quarter valued at approximately $83,784,000. JPMorgan Chase & Co. increased its position in The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after buying an additional 777,304 shares during the period. Finally, Amundi lifted its stake in The Carlyle Group by 33.6% in the fourth quarter. Amundi now owns 2,364,231 shares of the financial services provider’s stock valued at $123,673,000 after buying an additional 594,661 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

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.