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Equities research analysts at UBS AG increased their price target on shares of Carlyle Group (NYSE:CG) to $36.00 in a research note issued to investors on Thursday, reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target suggests a potential upside of 2.86% from the company’s current price.

Carlyle Group (NYSE:CG) traded up 2.31% on Thursday, hitting $35.81. 794,198 shares of the company’s stock traded hands. Carlyle Group has a 52-week low of $23.85 and a 52-week high of $38.13. The stock has a 50-day moving average of $35. and a 200-day moving average of $30.89. The company has a market cap of $1.765 billion and a price-to-earnings ratio of 36.84.

Carlyle Group (NYSE:CG) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.27. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $838.05 million. Analysts expect that Carlyle Group will post $3.16 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on CG. Analysts at Citigroup Inc. upgraded shares of Carlyle Group from a “neutral” rating to a “buy” rating in a research note on Thursday. They now have a $40.00 price target on the stock, up previously from $34.50. Analysts at Deutsche Bank initiated coverage on shares of Carlyle Group in a research note on Tuesday, January 28th. They set a “buy” rating and a $43.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.38.

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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