Credit Suisse Group Boosts The Carlyle Group (NASDAQ:CG) Price Target to $28.00

The Carlyle Group (NASDAQ:CG) had its target price upped by equities researchers at Credit Suisse Group from $27.00 to $28.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Credit Suisse Group’s price objective points to a potential downside of 3.93% from the company’s current price.

A number of other equities analysts have also commented on CG. ValuEngine lowered The Carlyle Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays set a $28.00 price objective on shares of The Carlyle Group and gave the company a “hold” rating in a research report on Friday, November 1st. Deutsche Bank set a $27.00 price objective on shares of The Carlyle Group and gave the company a “hold” rating in a research note on Friday, November 1st. Bank of America boosted their price objective on shares of The Carlyle Group from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Finally, BidaskClub upgraded shares of The Carlyle Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 18th. Ten investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $21.25.

Shares of CG stock opened at $29.15 on Wednesday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 11.08 and a beta of 1.74. The firm has a 50 day moving average of $27.98 and a 200-day moving average of $24.35. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 1.97. The Carlyle Group has a 52 week low of $15.09 and a 52 week high of $30.30.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The Carlyle Group had a return on equity of 4.48% and a net margin of 16.19%. The company had revenue of $527.80 million during the quarter, compared to analyst estimates of $514.55 million. During the same quarter last year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. Analysts anticipate that The Carlyle Group will post 1.66 earnings per share for the current year.

In other The Carlyle Group news, CAO Pamela L. Bentley sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $26.69, for a total value of $533,800.00. Following the completion of the transaction, the chief accounting officer now owns 113,660 shares of the company’s stock, valued at approximately $3,033,585.40. The transaction was disclosed in a filing with the SEC, which is available through this link.

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in shares of The Carlyle Group by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 34,594 shares of the financial services provider’s stock worth $782,000 after acquiring an additional 470 shares during the period. Augustine Asset Management Inc. grew its position in shares of The Carlyle Group by 0.8% during the second quarter. Augustine Asset Management Inc. now owns 68,571 shares of the financial services provider’s stock worth $1,550,000 after purchasing an additional 527 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of The Carlyle Group by 3.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,297 shares of the financial services provider’s stock worth $391,000 after buying an additional 563 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of The Carlyle Group by 19.2% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 3,576 shares of the financial services provider’s stock valued at $94,000 after buying an additional 576 shares in the last quarter. Finally, Stelac Advisory Services LLC lifted its holdings in shares of The Carlyle Group by 3.8% in the 3rd quarter. Stelac Advisory Services LLC now owns 17,415 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 645 shares during the last quarter. 48.38% of the stock is owned by institutional investors and hedge funds.

About The Carlyle Group

The Carlyle Group L.P. is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.

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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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