The Carlyle Group Rating Lowered to Neutral at Goldman Sachs (CG)
The Carlyle Group (NYSE:CG) was downgraded by Goldman Sachs from a “buy” rating to a “neutral” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
The Carlyle Group (NYSE:CG) opened at 30.19 on Monday. 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 $33.11 and its 200-day moving average is $33.80. The company has a market cap of $1.935 billion and a price-to-earnings ratio of 16.01.
The Carlyle Group (NYSE:CG) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by $0.16. The company had revenue of $852.00 million for the quarter, compared to the consensus estimate of $858.07 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that The Carlyle Group will post $3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Monday, May 12th.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer reiterated an “outperform” rating on shares of The Carlyle Group in a research note on Thursday, May 1st. They now have a $40.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of The Carlyle Group in a research note on Thursday, May 1st. They now have a $41.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Carlyle Group in a research note on Thursday, May 1st. They now have a $37.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $35.85.
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.
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