The Carlyle Group (NASDAQ:CG) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a $28.50 price target on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 22.06% from the stock’s previous close.
Other research analysts also recently issued reports about the company. TheStreet raised The Carlyle Group from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Morgan Stanley set a $28.00 price target on The Carlyle Group and gave the company a “buy” rating in a report on Monday, December 4th. Jefferies Group raised The Carlyle Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $23.45 to $27.00 in a report on Wednesday, February 14th. BidaskClub raised The Carlyle Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Credit Suisse Group upped their target price on The Carlyle Group from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Carlyle Group currently has a consensus rating of “Buy” and an average price target of $27.17.
Shares of The Carlyle Group (NASDAQ CG) traded up $0.30 during trading hours on Monday, reaching $23.35. The company’s stock had a trading volume of 476,851 shares, compared to its average volume of 782,204. The Carlyle Group has a one year low of $15.45 and a one year high of $25.90. The firm has a market capitalization of $7,930.00, a P/E ratio of 8.34 and a beta of 1.70. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.32 and a quick ratio of 1.19.
Several hedge funds have recently made changes to their positions in CG. Alkeon Capital Management LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth approximately $17,318,000. Deutsche Bank AG raised its stake in The Carlyle Group by 41.5% in the 4th quarter. Deutsche Bank AG now owns 2,106,437 shares of the financial services provider’s stock valued at $48,237,000 after purchasing an additional 617,512 shares during the last quarter. Harvest Capital Strategies LLC acquired a new position in The Carlyle Group in the 4th quarter valued at $10,653,000. Delek Group Ltd. acquired a new position in The Carlyle Group in the 4th quarter valued at $9,375,000. Finally, Renaissance Technologies LLC raised its stake in The Carlyle Group by 34.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,576,775 shares of the financial services provider’s stock valued at $36,108,000 after purchasing an additional 402,475 shares during the last quarter. 40.45% of the stock is owned by institutional investors and hedge funds.
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The Carlyle Group Company Profile
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.
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