Carlyle Group LP Price Target Cut to $32.50 (CG)
Equities research analysts at Credit Suisse cut their price objective on shares of Carlyle Group LP (NYSE:CG) from $33.50 to $32.50 in a research note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s target price indicates a potential upside of 9.21% from the company’s current price.
Shares of Carlyle Group LP (NYSE:CG) traded up 2.87% on Monday, hitting $29.76. 609,583 shares of the company’s stock traded hands. Carlyle Group LP has a 1-year low of $23.85 and a 1-year high of $37.89. The stock has a 50-day moving average of $26.15 and a 200-day moving average of $28.02. The company has a market cap of $1.459 billion and a price-to-earnings ratio of 51.66.
Carlyle Group LP (NYSE:CG) last announced its earnings results on Wednesday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.21. The company had revenue of $769.30 million for the quarter, compared to the consensus estimate of $563.60 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was up 209.7% on a year-over-year basis. Analysts expect that Carlyle Group LP will post $2.64 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CG. Analysts at Evercore Partners initiated coverage on shares of Carlyle Group LP in a research note to investors on Friday. They set an “overweight” rating and a $36.00 price target on the stock. Separately, analysts at ISI Group initiated coverage on shares of Carlyle Group LP in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. Finally, analysts at UBS AG downgraded shares of Carlyle Group LP from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. They now have a $5.69 price target on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Carlyle Group LP has an average rating of “Buy” and an average target price of $29.52.
The Carlyle Group L.P. is a global alternative asset management firm. The Company advises an array of specialized investment funds and other investment vehicles that invest across a range of industries, geographies, asset classes and investment strategies.
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