The Carlyle Group LP (CG) Given Consensus Recommendation of “Hold” by Brokerages

The Carlyle Group LP (NASDAQ:CG) has received an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $22.50.

Several research firms have recently weighed in on CG. Canaccord Genuity reissued an “average” rating and set a $9.50 target price on shares of The Carlyle Group in a research report on Tuesday, January 8th. Zacks Investment Research raised The Carlyle Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 14th. BidaskClub raised The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Royal Bank of Canada reissued an “average” rating and set a $7.00 target price on shares of The Carlyle Group in a research report on Wednesday, December 12th. Finally, Goldman Sachs Group raised The Carlyle Group from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, January 4th.

NASDAQ CG traded up $0.18 during trading hours on Thursday, reaching $18.80. The company’s stock had a trading volume of 2,491 shares, compared to its average volume of 462,065. The company has a current ratio of 2.54, a quick ratio of 2.52 and a debt-to-equity ratio of 2.61. The Carlyle Group has a 1 year low of $15.09 and a 1 year high of $25.25. The stock has a market cap of $2.03 billion, a PE ratio of 7.08 and a beta of 1.65.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, February 6th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.21. The Carlyle Group had a return on equity of 12.27% and a net margin of 4.56%. The business had revenue of $151.70 million for the quarter, compared to the consensus estimate of $143.99 million. During the same quarter in the previous year, the company posted $1.01 EPS. On average, analysts forecast that The Carlyle Group will post 1.97 EPS for the current fiscal year.

In other The Carlyle Group news, CFO Curtis L. Buser sold 31,200 shares of the company’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $18.55, for a total value of $578,760.00. Following the transaction, the chief financial officer now owns 641,909 shares of the company’s stock, valued at approximately $11,907,411.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge funds have recently modified their holdings of the business. Belpointe Asset Management LLC purchased a new stake in shares of The Carlyle Group during the 3rd quarter worth $101,000. JOYN Advisors Inc. lifted its stake in shares of The Carlyle Group by 5.8% during the 4th quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 630 shares during the last quarter. Suntrust Banks Inc. lifted its stake in shares of The Carlyle Group by 18.7% during the 4th quarter. Suntrust Banks Inc. now owns 11,227 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,770 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of The Carlyle Group by 80.9% during the 4th quarter. North Star Investment Management Corp. now owns 12,300 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Pennsylvania Trust Co lifted its stake in shares of The Carlyle Group by 10.6% during the 4th quarter. Pennsylvania Trust Co now owns 13,145 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 1,260 shares during the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

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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