The Carlyle Group (NASDAQ:CG) Price Target Lowered to $44.00 at Morgan Stanley

The Carlyle Group (NASDAQ:CG - Get Free Report) had its price target dropped by stock analysts at Morgan Stanley from $57.00 to $44.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's price objective would suggest a potential upside of 22.77% from the company's current price.

A number of other research firms have also recently commented on CG. JMP Securities decreased their target price on shares of The 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. Citigroup cut their target price on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Bank of America dropped their price objective on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, StockNews.com cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, The Carlyle Group presently has an average rating of "Hold" and a consensus target price of $50.71.

The Carlyle Group Stock Up 1.7 %

NASDAQ:CG traded up $0.59 during midday trading on Monday, reaching $35.84. 3,036,030 shares of the stock traded hands, compared to its average volume of 2,556,125. The Carlyle Group has a 12-month low of $33.02 and a 12-month high of $57.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market capitalization of $12.95 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The business has a 50-day moving average of $43.68 and a two-hundred day moving average of $48.93.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, equities analysts forecast that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors have recently modified their holdings of CG. Vanguard Group Inc. raised its holdings in The Carlyle Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider's stock worth $1,169,420,000 after acquiring an additional 180,757 shares in the last quarter. Capital World Investors increased its position in The Carlyle Group by 0.3% during the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider's stock worth $998,609,000 after buying an additional 50,784 shares during the period. William Blair Investment Management LLC grew its holdings in shares of The Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after purchasing an additional 1,773,465 shares in the last quarter. Boston Partners raised its stake in The Carlyle Group by 7.1% in the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider's stock valued at $358,687,000 after purchasing an additional 467,767 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in The Carlyle Group by 201.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock worth $320,684,000 after purchasing an additional 4,244,131 shares during the period. Institutional investors own 55.88% of the company's stock.

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.