Carlyle Group (NASDAQ:CG) Given New $50.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised Carlyle Group’s price target to $50 from $47 while maintaining a “market perform” rating, implying only 0.32% upside from the reported $49.84 share price.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $59.79; recommendations range from “Sell” to “Buy,” including Barclays’ $64 target and Citizens JMP’s $70 target.
• Carlyle’s latest quarter exceeded expectations, with adjusted EPS of $1.07 versus $0.91 expected and revenue of $1.11 billion, although revenue declined 28.6% year over year.

Carlyle Group (NASDAQ:CG - Get Free Report) had its price target lifted by analysts at Keefe, Bruyette & Woods from $47.00 to $50.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 0.32% from the stock's current price.

Several other research firms have also weighed in on CG. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a research note on Thursday. Barclays reaffirmed an "overweight" rating and issued a $64.00 price target on shares of Carlyle Group in a research note on Thursday. Morgan Stanley set a $57.00 price objective on Carlyle Group in a research note on Tuesday, July 21st. TD Cowen reduced their target price on shares of Carlyle Group from $53.00 to $50.00 and set a "hold" rating on the stock in a research note on Monday, May 18th. Finally, Citizens Jmp lowered their target price on shares of Carlyle Group from $75.00 to $70.00 and set a "market outperform" rating on the stock in a report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $59.79.

Carlyle Group Trading Down 1.6%

Shares of Carlyle Group stock opened at $49.84 on Thursday. The company's fifty day moving average price is $44.67 and its two-hundred day moving average price is $49.04. The firm has a market capitalization of $17.94 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 1.78 and a beta of 1.83. Carlyle Group has a 52-week low of $39.60 and a 52-week high of $69.85. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same period in the previous year, the business earned $0.87 EPS. The firm's revenue was down 28.6% on a year-over-year basis. On average, analysts expect that Carlyle Group will post 3.71 EPS for the current year.

Hedge Funds Weigh In On Carlyle Group

A number of large investors have recently modified their holdings of the stock. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the second quarter valued at approximately $26,000. Quarry LP acquired a new position in Carlyle Group during the 3rd quarter worth $33,000. Main Street Group LTD bought a new position in Carlyle Group in the 1st quarter valued at $27,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Carlyle Group in the 3rd quarter valued at $41,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after acquiring an additional 574 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

About Carlyle Group

The Carlyle Group NASDAQ: CG is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle's core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.

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