The Carlyle Group Receives Average Rating of “Buy” from Brokerages (NYSE:CG)
Shares of The Carlyle Group (NYSE:CG) have earned an average rating of “Buy” from the thirteen brokerages that are currently covering the company, StockRatingsNetwork reports. Four research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $35.85.
A number of analysts have recently weighed in on CG shares. Analysts at Goldman Sachs downgraded shares of The Carlyle Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 12th. Separately, 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. Finally, 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.
Shares of The Carlyle Group (NYSE:CG) traded up 0.42% during mid-day trading on Tuesday, hitting $33.238. 44,664 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 $32.05 and its 200-day moving average is $33.92. The company has a market cap of $2.130 billion and a P/E ratio of 17.09.
The Carlyle Group (NYSE:CG) last posted its earnings results on Wednesday, April 30th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts predict that The Carlyle Group will post $3.03 earnings per share for the current fiscal year.
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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