Evercore ISI Issues Positive Forecast for The Carlyle Group (NASDAQ:CG) Stock Price

The Carlyle Group (NASDAQ:CG) had its price objective increased by Evercore ISI from $51.00 to $52.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company upped their target price on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. TD Cowen upped their price objective on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Oppenheimer lifted their target price on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods increased their price objective on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their target price on 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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 $49.95 on Wednesday. The stock’s 50 day moving average is $52.74 and its 200 day moving average is $48.26. The company has a market capitalization of $17.87 billion, a P/E ratio of 172.24, a PEG ratio of 0.92 and a beta of 1.70. 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 Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. On average, equities research analysts predict that The Carlyle Group will post 3.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. National Pension Service bought a new position in The Carlyle Group in the 4th quarter worth $25,000. Golden State Wealth Management LLC bought a new position in shares of The Carlyle Group in the fourth quarter worth about $25,000. Valley National Advisers Inc. lifted its position in shares of The Carlyle Group by 149.3% during 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 in the last quarter. Nisa Investment Advisors LLC grew its stake 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 valued at $29,000 after acquiring an additional 405 shares during the period. Finally, Brooklyn Investment Group bought a new stake in The Carlyle Group during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

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.