Brokerages Set Carlyle Group Inc. (NASDAQ:CG) Target Price at $57.73

Key Points

• Carlyle Group Inc. has received a consensus rating of "Hold" from sixteen research firms, with one analyst recommending a sell, eight a buy, and seven a hold rating.
• The average twelve-month price target for Carlyle Group's stock is $57.73, following significant price target adjustments from several analysts, including a raise by Citigroup to $65.00.
• Carlyle Group's shares recently traded at $63.45 with a year high of $63.75 and a year low of $33.02, reflecting a market cap of approximately $22.91 billion.

Shares of Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have been given a consensus rating of "Hold" by the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $57.73.

CG has been the topic of a number of recent research reports. Evercore ISI raised their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a report on Thursday, July 10th. JMP Securities raised their price target on Carlyle Group from $58.00 to $70.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a report on Wednesday, May 14th. Morgan Stanley dropped their price target on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company lifted their price target on Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th.

Carlyle Group Trading Down 0.8%

CG traded down $0.47 during midday trading on Monday, reaching $61.51. 502,953 shares of the company's stock traded hands, compared to its average volume of 2,823,426. The firm has a fifty day moving average of $52.04 and a two-hundred day moving average of $47.84. The stock has a market capitalization of $22.21 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.21 and a beta of 1.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $63.74.

Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The business had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same quarter in the prior year, the company posted $1.01 EPS. Carlyle Group's quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Main Street Group LTD purchased a new stake in shares of Carlyle Group during the 4th quarter valued at approximately $29,000. Whipplewood Advisors LLC raised its position in shares of Carlyle Group by 5,100.0% during the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after buying an additional 561 shares during the period. LRI Investments LLC purchased a new stake in Carlyle Group in the fourth quarter valued at approximately $32,000. Private Trust Co. NA raised its position in Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 321 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 574 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

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.