Share on StockTwits

The Carlyle Group (NYSE:CG)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Thursday, AnalystRatings.NET reports. They currently have a $38.00 target price on the stock. Citigroup Inc.’s target price suggests a potential upside of 10.21% from the stock’s previous close.

The Carlyle Group (NYSE:CG) traded down 1.39% during mid-day trading on Thursday, hitting $34.00. 773,643 shares of the company’s stock traded hands. The Carlyle Group has a 52 week low of $23.85 and a 52 week high of $39.38. The stock’s 50-day moving average is $34.56 and its 200-day moving average is $32.99. The company has a market cap of $1.710 billion and a P/E ratio of 16.86.

The Carlyle Group (NYSE:CG) last released its earnings data 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 The Carlyle Group will post $3.15 EPS for the current fiscal year.

A number of other firms have also recently commented on CG. Analysts at Oppenheimer upgraded shares of The Carlyle Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $41.00 price target on the stock. Separately, analysts at UBS AG upgraded shares of The Carlyle Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. They now have a $38.00 price target on the stock, up previously from $36.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of The Carlyle Group in a research note on Thursday, February 20th. They now have a $43.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $35.77.

The Carlyle Group L.P. is a global alternative asset management firm. The Company conducts its operations through four segments: Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.