In yesterday’s Wall Street session, Carlyle Group Inc (NASDAQ:CG) shares traded at $34.52, up 0.26% from the previous session.
As of this writing, 17 analysts cover Carlyle Group Inc (NASDAQ:CG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $58.00 and a low of $26.00, we find $38.00. Given the previous closing price of $34.43, this indicates a potential upside of 10.37 percent. CG stock price is now 15.09% away from the 50-day moving average and 11.74% away from the 200-day moving average. The market capitalization of the company currently stands at $12.45B.
There are 8 analysts who have given it a hold rating, whereas 7 have given it a buy rating. Brokers who have rated the stock have averaged $38.50 as their price target over the next twelve months.
With the price target maintained at $32, Evercore ISI recently Downgraded its rating from Outperform to In-line for Carlyle Group Inc (NASDAQ: CG).
In other news, CG Subsidiary Holdings L.L.C., 10% Owner bought 1,269,537 shares of the company’s stock on Sep 12. The stock was bought for $10,816,455 at an average price of $8.52. Upon completion of the transaction, the 10% Owner now directly owns 4,785,628 shares in the company, valued at $165.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28, 10% Owner CG Subsidiary Holdings L.L.C. bought 3,012,049 shares of the business’s stock. A total of $25,000,007 was incurred on buying the stock at an average price of $8.30. This leaves the insider owning 3,012,049 shares of the company worth $103.98 million. Insiders disposed of 195,468 shares of company stock worth roughly $6.75 million over the past 1 year. A total of 46.93% of the company’s stock is owned by insiders.
During the past 12 months, Carlyle Group Inc has had a low of $25.20 and a high of $38.32. The fifty day moving average price for CG is $30.00 and a two-hundred day moving average price translates $30.89 for the stock.
The latest earnings results from Carlyle Group Inc (NASDAQ: CG) was released for Sep, 2023. According to the Asset Management Company, earnings per share came in at $0.87, beating analysts’ expectations of $0.72 by 0.15. This compares to $0.77 EPS in the same period last year. The net profit margin was 6.74% and return on equity was 3.50% for CG. The company reported revenue of $716.6 million for the quarter, compared to $1.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.17 percent. For the current quarter, analysts expect CG to generate $886.92M in revenue.
