JMP Securities Forecasts Strong Price Appreciation for Carlyle Group (NASDAQ:CG) Stock

Carlyle Group (NASDAQ:CG - Get Free Report) had its target price hoisted by research analysts at JMP Securities from $58.00 to $70.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "market outperform" rating on the financial services provider's stock. JMP Securities' price objective suggests a potential upside of 20.14% from the company's previous close.

Several other equities research analysts have also commented on CG. Keefe, Bruyette & Woods upped their price objective on Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Bank of America cut their price target on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a research note on Wednesday, May 14th. Oppenheimer lowered Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $57.73.

Carlyle Group Price Performance

NASDAQ:CG opened at $58.27 on Monday. The firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 1.22 and a beta of 1.86. Carlyle Group has a 52-week low of $33.02 and a 52-week high of $59.09. The stock has a fifty day moving average of $47.77 and a 200 day moving average of $46.94. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36.

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

Hedge Funds Weigh In On Carlyle Group

Several institutional investors have recently modified their holdings of the business. Whipplewood Advisors LLC lifted its position in Carlyle Group by 5,100.0% in the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 561 shares during the last quarter. Private Trust Co. NA raised its holdings 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 valued at $28,000 after buying an additional 321 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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 buying an additional 574 shares during the last quarter. Main Street Group LTD purchased a new stake in shares of Carlyle Group in the fourth quarter valued at about $29,000. Finally, LRI Investments LLC purchased a new stake in shares of Carlyle Group in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 55.88% of the company's stock.

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.

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