The Carlyle Group (NASDAQ:CG) Stock Rating Upgraded by StockNews.com

The Carlyle Group (NASDAQ:CG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Other equities research analysts have also recently issued reports about the company. UBS Group lifted their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. 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. Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday. Wells Fargo & Company reduced their price objective on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $54.93.

The Carlyle Group Price Performance

CG stock opened at $51.03 on Wednesday. The Carlyle Group has a 12-month low of $36.65 and a 12-month high of $57.50. 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 firm’s 50-day moving average price is $52.71 and its two-hundred day moving average price is $48.28. The stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of 175.97, a PEG ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. As a group, equities analysts predict that The Carlyle Group will post 3.73 earnings per share for the current year.

Hedge Funds Weigh In On The Carlyle Group

A number of hedge funds have recently modified their holdings of CG. National Pension Service acquired a new position in shares of The Carlyle Group during the 4th quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in shares of The Carlyle Group in the 4th quarter worth approximately $25,000. Valley National Advisers Inc. increased its holdings in The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after buying an additional 405 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of The Carlyle Group in the 3rd quarter worth about $33,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.