Carlyle Group (NASDAQ:CG) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Monday, March 12th, MarketBeat reports. The brokerage currently has a $28.50 price objective on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 40.74% from the stock’s current price.
CG has been the topic of several other research reports. BidaskClub upgraded Carlyle Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Credit Suisse Group lifted their target price on Carlyle Group from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Jefferies Group upgraded Carlyle Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $23.45 to $27.00 in a research note on Wednesday, February 14th. TheStreet upgraded Carlyle Group from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley set a $34.00 target price on Carlyle Group and gave the company a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.95.
Shares of CG stock traded down $0.65 on Monday, reaching $20.25. The company’s stock had a trading volume of 813,613 shares, compared to its average volume of 663,820. Carlyle Group has a 1 year low of $15.70 and a 1 year high of $25.90. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.19 and a current ratio of 1.32. The firm has a market cap of $2,119.99, a PE ratio of 5.84 and a beta of 1.76.
A number of large investors have recently made changes to their positions in the business. Pinnacle Holdings LLC acquired a new position in shares of Carlyle Group during the 4th quarter worth approximately $103,000. Stelac Advisory Services LLC acquired a new position in shares of Carlyle Group during the 3rd quarter worth approximately $145,000. Stephens Inc. AR acquired a new position in shares of Carlyle Group during the 3rd quarter worth approximately $208,000. Palo Capital Inc. acquired a new position in shares of Carlyle Group during the 4th quarter worth approximately $214,000. Finally, 180 Wealth Advisors LLC acquired a new position in shares of Carlyle Group during the 4th quarter worth approximately $219,000. 40.45% of the stock is owned by institutional investors.
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About Carlyle Group
The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. 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.
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