Evercore ISI Increases The Carlyle Group (NASDAQ:CG) Price Target to $52.00

The Carlyle Group (NASDAQ:CG) had its price objective raised by analysts at Evercore ISI from $51.00 to $52.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price objective points to a potential upside of 4.88% from the company’s current price.

A number of other research analysts also recently commented on CG. TD Cowen lifted their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Friday, January 3rd. UBS Group upped their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. Finally, Wells Fargo & Company increased their price objective on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.07.

The Carlyle Group Trading Down 3.7 %

NASDAQ:CG opened at $49.58 on Wednesday. The Carlyle Group has a 12-month low of $36.65 and a 12-month high of $57.50. The firm has a market cap of $17.73 billion, a PE ratio of 170.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a fifty day moving average price of $52.79 and a 200 day moving average price of $48.25.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. Sell-side analysts anticipate that The Carlyle Group will post 3.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in The Carlyle Group by 10.3% in the 2nd quarter. Creative Planning now owns 11,905 shares of the financial services provider’s stock worth $478,000 after buying an additional 1,111 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,600 shares during the last quarter. Bfsg LLC increased its position in The Carlyle Group by 8.4% during the third quarter. Bfsg LLC now owns 6,762 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 522 shares during the last quarter. Bleakley Financial Group LLC raised its stake in The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 208 shares during the period. Finally, Stonegate Investment Group LLC acquired a new position in shares of The Carlyle Group in the 3rd quarter valued at $258,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Company Profile

The Carlyle Group Inc 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.