The Carlyle Group Inc. (NASDAQ:CG) has received a “Moderate Buy” consensus recommendation from the fourteen brokerages that cover the company, according to Bloomberg Ratings. Of these analysts, one has rated the stock as a sell, three have assigned a hold recommendation, and ten have issued a buy recommendation on The Carlyle Group.
As of August 28, 2023, the average twelve-month price objective among analysts who have updated their coverage on the stock in the past year is $40.36. This suggests potential upside for investors who decide to purchase shares at the current trading level.
On Monday, CG shares opened at $29.98. The company’s fifty-day moving average price stands at $32.23, while its two hundred-day moving average price is $31.15. With a market capitalization of $10.79 billion, The Carlyle Group operates with a PE ratio of 26.53 and has a beta of 1.68.
In terms of liquidity ratios, the firm boasts a quick ratio of 2.79 and a current ratio of 2.80. Additionally, it maintains a debt-to-equity ratio of 1.32.
Over the past year, The Carlyle Group’s share price has ranged from its low point of $24.59 to its high point of $38.32.
Recent insider trading activity within the company includes transactions by General Counsel Jeffrey W. Ferguson and CFO Curtis L Buser on Wednesday, August 2nd. Ferguson sold 11,939 shares at an average price per share of $32.36 amounting to a total value of $386,346.
Following this transaction, Ferguson now owns 1,182,891 shares in The Carlyle Group which are valued at approximately $38,278 and insider transactions continue to make up around 27% ownership percentiles in company shares
Financially speaking, The Carlyle Group last reported its earnings results on Wednesday, August 2nd. The company exceeded analysts’ consensus estimates by $0.23 per share, reporting earnings of $0.88 per share for the quarter.
The firm generated revenue of $977.90 million during this period, surpassing analyst estimates of $809.12 million. As a result, The Carlyle Group achieved a net margin of 13.11% and a return on equity of 24.12%.
Sell-side analysts anticipate that The Carlyle Group will post earnings per share of approximately $2.99 for the current fiscal year.
Investors considering investing in shares of The Carlyle Group should take note of these financial results and analyst recommendations to make informed investment decisions that align with their individual goals and risk tolerance levels.
In conclusion, with a “Moderate Buy” consensus recommendation from brokerages and an average twelve-month price objective of $40.36, The Carlyle Group continues to attract attention from investors looking for potential capital gains in the medium to long term.
The Carlyle Group Inc.
CG
Strong Buy
Updated on: 03/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Research Reports Assessing The Carlyle Group: Evaluating Risks and Rewards for Investors
In recent weeks, several prominent research firms have offered their perspectives on The Carlyle Group (CG), a global investment firm whose activities span across multiple industries. Citigroup, one of the leading financial service providers, initiated coverage on CG and bestowed a “buy” rating along with a price objective of $40.00 for the company. This evaluation indicates a level of confidence in CG’s performance and potential growth in the market.
Piper Sandler, another renowned research firm, also weighed in on CG by providing an “overweight” rating and reducing their previous price objective from $42.00 to $40.00. While lowering the price objective might initially seem perplexing to some investors, it is worth noting that Piper Sandler’s overall assessment continues to highlight a positive outlook for the company.
Maintaining consistency in its appraisal, 500.com reaffirmed its rating as “maintains,” further bolstering investors’ confidence in The Carlyle Group’s business model and strategies. Their unwavering support exemplifies the trust they place in CG’s capabilities.
However, not all research firms shared equally optimistic views on The Carlyle Group’s prospects. TheStreet recently downgraded their rating from “b-” to “c+,” causing some turbulence among shareholders. Such actions can leave investors feeling confused and uncertain about the future direction of CG.
Adding to this bustiness surrounding The Carlyle Group, Barclays also reduced its price objective for the company from $38.00 to $37.00 while maintaining an “overweight” rating. This move prompts questions regarding Barclays’ reasoning behind this adjustment and subsequent endorsement.
In line with these analyses and ratings, The Carlyle Group announced its quarterly dividend payment on Wednesday, August 23rd. Stockholders who were registered as of Tuesday, August 15th received a dividend of $0.35 per share – equivalent to an annualized dividend of $1.40 per share. The dividend yield stands at an impressive 4.67%, providing an attractive incentive for investors seeking stable returns on their investment.
However, the declaration of this dividend raises concerns about The Carlyle Group’s dividend payout ratio (DPR), which is currently reported to be at 123.89%. A DPR exceeding 100% suggests that the company is paying out more in dividends than it earns in profits, potentially straining its financial stability.
As the August 28, 2023 date serves as a reference point for this article, it is worth noting that these research reports and dividend declarations are subject to change over time. Investors are encouraged to continue following updated information and expert opinions to make informed decisions about their investments in The Carlyle Group and other similar companies.
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