Evercore ISI Forecasts Strong Price Appreciation for The Carlyle Group (NASDAQ:CG) Stock

The Carlyle Group (NASDAQ:CG) had its target price hoisted by investment analysts at Evercore ISI from $51.00 to $52.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price objective indicates a potential upside of 1.90% from the stock’s current price.

A number of other research firms also recently weighed in on CG. JPMorgan Chase & Co. boosted their target price on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Oppenheimer increased their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Friday, January 3rd. Barclays reduced their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, UBS Group boosted their price objective on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Stock Performance

The Carlyle Group stock opened at $51.03 on Wednesday. The company’s 50-day moving average price is $52.71 and its 200-day moving average price is $48.28. The Carlyle Group has a twelve month low of $36.65 and a twelve month high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a market cap of $18.25 billion, a PE ratio of 175.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share 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%. On average, equities research analysts forecast that The Carlyle Group will post 3.73 EPS for the current fiscal year.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Westbourne Investment Advisors Inc. raised its position in shares of The Carlyle Group by 3.6% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 200 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of The Carlyle Group by 0.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after acquiring an additional 208 shares in the last quarter. Arizona State Retirement System raised its position in shares of The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock worth $3,395,000 after acquiring an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of The Carlyle Group by 0.3% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after acquiring an additional 225 shares in the last quarter. Finally, Aviva PLC raised its position in shares of The Carlyle Group by 1.3% in the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock worth $879,000 after acquiring an additional 227 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

About The Carlyle Group

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.