The Carlyle Group Given Overweight Rating at JPMorgan Chase & Co. (CG)
The Carlyle Group (NYSE:CG)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Monday. They currently have a $45.00 target price on the stock, up from their previous target price of $39.50. JPMorgan Chase & Co.’s price objective suggests a potential upside of 40.06% from the stock’s previous close.
In other The Carlyle Group news, CAO Pamela L. Bentley sold 13,195 shares of The Carlyle Group stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $32.44, for a total value of $428,045.80. The sale was disclosed in a filing with the SEC, which is available at this link.
CG has been the subject of a number of other recent research reports. 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $36.05.
Shares of The Carlyle Group (NYSE:CG) traded up 3.02% during mid-day trading on Monday, hitting $33.10. 368,017 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 $31.8 and its 200-day moving average is $33.90. The company has a market cap of $2.121 billion and a P/E ratio of 16.59.
The Carlyle Group (NYSE:CG) last issued its quarterly earnings data 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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