Bank of America Lowers The Carlyle Group (NASDAQ:CG) Price Target to $46.00

The Carlyle Group (NASDAQ:CG) had its price target lowered by Bank of America from $47.00 to $46.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “underperform” rating on the financial services provider’s stock. Bank of America‘s price objective would suggest a potential upside of 28.17% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company lowered their price target on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. Barclays lowered their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, January 3rd. Evercore ISI raised 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, February 12th. Finally, Oppenheimer downgraded The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $54.00.

The Carlyle Group Trading Down 7.3 %

CG opened at $35.89 on Friday. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.98 and a beta of 1.73. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The stock has a fifty day moving average price of $47.81 and a 200-day moving average price of $49.56. The Carlyle Group has a 12 month low of $33.02 and a 12 month high of $57.50.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, equities research analysts anticipate that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Carlyle Group

Institutional investors have recently modified their holdings of the business. National Pension Service purchased a new position in The Carlyle Group in the fourth quarter worth approximately $25,000. Golden State Wealth Management LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter worth $25,000. Valley National Advisers Inc. grew its stake in shares of The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after buying an additional 405 shares during the last quarter. Finally, Main Street Group LTD purchased a new stake in The Carlyle Group during the 4th quarter worth about $29,000. Institutional investors and hedge funds 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.