The Carlyle Group LP (CG) Price Target Lowered to $17.00 at Barclays PLC
The Carlyle Group LP (NASDAQ:CG) had its price target cut by research analysts at Barclays PLC from $18.00 to $17.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s price objective indicates a potential upside of 15.10% from the company’s previous close.
A number of other research analysts have also weighed in on CG. Zacks Investment Research raised The Carlyle Group from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Jefferies Group lifted their target price on The Carlyle Group from $16.50 to $17.00 and gave the company a “hold” rating in a report on Tuesday, August 2nd. Citigroup Inc. lifted their target price on The Carlyle Group from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Deutsche Bank AG lifted their target price on The Carlyle Group from $16.00 to $17.00 and gave the company a “hold” rating in a report on Friday, August 5th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $20.00 target price on shares of The Carlyle Group in a report on Sunday, September 11th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $18.77.
The Carlyle Group (NASDAQ:CG) traded down 1.86% on Thursday, hitting $14.77. 542,502 shares of the stock were exchanged. The Carlyle Group has a 52-week low of $11.25 and a 52-week high of $20.65. The firm’s market cap is $1.20 billion. The company has a 50-day moving average price of $15.60 and a 200-day moving average price of $16.22.
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The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The Carlyle Group had a positive return on equity of 3.99% and a negative net margin of 3.44%. The business had revenue of $488.10 million for the quarter, compared to analysts’ expectations of $501 million. During the same period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Carlyle Group will post $0.48 EPS for the current fiscal year.
In other The Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 10,498 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $16.13, for a total value of $169,332.74. Following the completion of the sale, the general counsel now owns 74,314 shares in the company, valued at $1,198,684.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Curtis L. Buser sold 8,294 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $16.13, for a total value of $133,782.22. Following the completion of the sale, the chief financial officer now owns 193,825 shares of the company’s stock, valued at approximately $3,126,397.25. The disclosure for this sale can be found here.
A number of hedge funds have recently made changes to their positions in CG. Bank of Montreal Can acquired a new position in shares of The Carlyle Group during the second quarter worth approximately $2,712,000. Palo Capital Inc. acquired a new position in shares of The Carlyle Group during the second quarter worth approximately $180,000. Douglass Winthrop Advisors LLC acquired a new position in shares of The Carlyle Group during the second quarter worth approximately $213,000. Creative Planning increased its position in shares of The Carlyle Group by 2.5% in the second quarter. Creative Planning now owns 24,600 shares of the company’s stock worth $399,000 after buying an additional 600 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of The Carlyle Group by 31.4% in the first quarter. Legal & General Group Plc now owns 162,235 shares of the company’s stock worth $2,737,000 after buying an additional 38,747 shares in the last quarter. Hedge funds and other institutional investors own 43.24% of the company’s stock.
The Carlyle Group Company Profile
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on a range of investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors.
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