The Carlyle Group (NASDAQ:CG) Stock Rating Lowered by StockNews.com
Recent market movements have seen changes in the evaluation of The Carlyle Group (NASDAQ:CG) shares. StockNews.com recently downgraded the stock, reflecting shifting sentiments among investors and analysts. This decision follows a series of ratings and price target adjustments made by various financial services firms over recent months.
Among recent analyses, UBS Group previously increased their price target for The Carlyle Group from $43.00 to $54.00, assigning a “neutral” rating. Evercore ISI also raised their price target from $45.00 to $47.00 with an “in-line” rating. JMP Securities maintained a “market outperform” rating and set a $60.00 price target. Morgan Stanley adjusted its price target upwards from $46.00 to $50.00, giving the stock an “equal weight” rating. However, Deutsche Bank Aktiengesellschaft slightly reduced its target price from $55.00 to $53.00 while maintaining a “buy” rating.
The stock currently has a consensus rating of “Hold” with a consensus target price of $53.33, reflecting diverse opinions among analysts. As it stands, one investment analyst has rated the stock with a sell rating, nine have given a hold rating, and six have identified it as a buy.
As of the latest market session, NASDAQ CG saw an increase of $0.86, reaching $53.65 with a trading volume of 2,523,834 shares, which is slightly above its average. The shares show a 52-week range from a low of $32.09 to a high of $54.52. The Carlyle Group boasts a significant market capitalization of $19.19 billion, further illustrated by a PE ratio of 185.00, a P/E/G ratio of 1.35, and a beta of 1.70—a representation of its volatility compared to the market.
The company’s financial indicators reveal a debt-to-equity ratio of 1.38 and effective liquidity ratios, with both the current and quick ratios standing at 2.32. These metrics indicate a stable financial footing, despite recent shifts in stock evaluation.
According to recent earnings reports, The Carlyle Group registered strong financial performance in the last quarter, showcasing a profit boost. The company reported earnings per share of $0.95, surpassing consensus estimates of $0.87. This performance marks a positive return on equity at 24.91% and a net margin of 2.21%. Furthermore, the firm’s quarterly revenue rose by 15.2% year-over-year, marking substantial growth over consistent quarters.
In relevant corporate activities, key stakeholders have engaged in stock transactions which have influenced stock dynamics. Recently, Carlyle Group Inc. executed a sale of 133,643 shares, while Director Daniel A. D’aniello sold 495,542 shares. These transactions reflect strategic decisions within the company and provide insights into possible shifts or strategic pivots.
Additionally, institutional movements have been documented, with hedge funds and other entities adjusting their stock holdings in The Carlyle Group. Westbourne Investment Advisors Inc., Bleakley Financial Group LLC, and Tobam have made notable changes to their positions. Moreover, Western Pacific Wealth Management LP and Mercer Global Advisors Inc. ADV have also altered their engagements with the company shares, reinforcing continual high-stake interest in The Carlyle Group.
The Carlyle Group Inc., an esteemed investment firm, excels in diverse investment initiatives ranging from management-led buyouts to venture and growth capital financings. Its focal areas span leveraged finance, strategic minority equity investments, and global distressed opportunities, showcasing its wide-ranging investment acumen.
Overall, while the current consensus holds a “Hold” rating by analysts, it’s wise for investors to remain informed about potential market shifts. The stock’s performance, bolstered by internal strategies and market conditions, remains pivotal in assessing its viability in investor portfolios.
