ValuEngine Upgrades The Carlyle Group (CG) to “Sell”

The Carlyle Group (NASDAQ:CG) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

Several other brokerages have also recently issued reports on CG. Oppenheimer set a $34.00 price target on The Carlyle Group and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank lowered their price target on The Carlyle Group from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, October 11th. Zacks Investment Research cut The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. BidaskClub cut The Carlyle Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Finally, Morgan Stanley lifted their price target on The Carlyle Group from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $29.00.

Shares of The Carlyle Group stock opened at $20.26 on Thursday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.59 and a current ratio of 0.71. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 5.84 and a beta of 1.64. The Carlyle Group has a 1-year low of $18.06 and a 1-year high of $25.90.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, October 31st. The financial services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.24). The business had revenue of $679.10 million for the quarter, compared to the consensus estimate of $660.04 million. The Carlyle Group had a net margin of 5.47% and a return on equity of 26.40%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. On average, research analysts forecast that The Carlyle Group will post 2.23 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its holdings in shares of The Carlyle Group by 43.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,950 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 4,799 shares during the last quarter. Tuttle Tactical Management acquired a new position in shares of The Carlyle Group in the 2nd quarter worth $107,000. Bramshill Investments LLC grew its holdings in shares of The Carlyle Group by 30.5% in the 2nd quarter. Bramshill Investments LLC now owns 200,574 shares of the financial services provider’s stock worth $4,272,000 after acquiring an additional 46,909 shares during the last quarter. Natixis acquired a new position in shares of The Carlyle Group in the 2nd quarter worth $2,995,000. Finally, Sit Investment Associates Inc. acquired a new position in shares of The Carlyle Group in the 2nd quarter worth $1,841,000. Institutional investors and hedge funds own 40.45% of the company’s stock.

The Carlyle Group Company Profile

The Carlyle Group L.P. 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.

Further Reading: What is the balance sheet?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

Receive News & Ratings for The Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply