The Carlyle Group LP (CG) Given Consensus Recommendation of “Buy” by Analysts

Shares of The Carlyle Group LP (NASDAQ:CG) have been given a consensus rating of “Buy” by the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $27.56.

Several equities research analysts have recently issued reports on CG shares. Morgan Stanley set a $34.00 target price on shares of The Carlyle Group and gave the stock a “buy” rating in a report on Thursday, March 1st. Jefferies Group upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $23.45 to $27.00 in a report on Wednesday, February 14th. Bank of America raised their target price on shares of The Carlyle Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 13th. BidaskClub upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Credit Suisse Group raised their target price on shares of The Carlyle Group from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th.

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The Carlyle Group stock traded down $0.30 during mid-day trading on Friday, reaching $21.50. 593,948 shares of the company’s stock traded hands, compared to its average volume of 515,372. The Carlyle Group has a fifty-two week low of $15.45 and a fifty-two week high of $25.90. The company has a quick ratio of 1.19, a current ratio of 1.32 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $2,160.19, a price-to-earnings ratio of 8.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, February 7th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.41. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $773.13 million. The Carlyle Group had a net margin of 6.64% and a return on equity of 54.20%. During the same quarter last year, the business earned $0.02 EPS. research analysts anticipate that The Carlyle Group will post 2.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.14%. The ex-dividend date of this dividend was Friday, February 16th. The Carlyle Group’s dividend payout ratio is presently 54.77%.

Hedge funds have recently bought and sold shares of the stock. Pinnacle Holdings LLC purchased a new position in The Carlyle Group during the 4th quarter valued at about $103,000. Stephens Inc. AR purchased a new position in The Carlyle Group during the 3rd quarter valued at about $208,000. Palo Capital Inc. purchased a new position in The Carlyle Group during the 4th quarter valued at about $214,000. 180 Wealth Advisors LLC purchased a new position in The Carlyle Group during the 4th quarter valued at about $219,000. Finally, Kovack Advisors Inc. purchased a new position in The Carlyle Group during the 4th quarter valued at about $224,000. 40.24% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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