Carlyle Group (NASDAQ:CG) Stock Rating Upgraded by Citigroup

Carlyle Group (NASDAQ:CG - Get Free Report) was upgraded by research analysts at Citigroup from a "neutral" rating to a "buy" rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a $65.00 target price on the financial services provider's stock, up from their prior target price of $44.00. Citigroup's price target would suggest a potential upside of 11.29% from the company's current price.

A number of other equities research analysts have also recently issued reports on the company. Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 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. JMP Securities decreased their target price on Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their target price on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Finally, Oppenheimer lowered shares of Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Carlyle Group currently has an average rating of "Hold" and a consensus price target of $56.93.

Carlyle Group Trading Down 0.2%

Shares of CG traded down $0.10 during midday trading on Thursday, hitting $58.40. The stock had a trading volume of 1,202,631 shares, compared to its average volume of 2,668,231. The business has a 50-day simple moving average of $47.41 and a two-hundred day simple moving average of $46.96. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. The firm has a market cap of $21.09 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.86. Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $58.84.

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

Hedge Funds Weigh In On Carlyle Group

Several institutional investors have recently modified their holdings of CG. Whipplewood Advisors LLC raised its stake in Carlyle Group by 5,100.0% during the first 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 last quarter. Private Trust Co. NA lifted its position in shares of Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after buying an additional 321 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Carlyle Group by 755.3% during 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. Main Street Group LTD purchased a new stake in shares of Carlyle Group in the fourth quarter worth approximately $29,000. Finally, LRI Investments LLC bought a new position in Carlyle Group in the fourth quarter worth approximately $32,000. 55.88% of the stock is currently owned by 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.