Morgan Stanley Cuts The Carlyle Group (NASDAQ:CG) Price Target to $44.00

The Carlyle Group (NASDAQ:CG) had its price target lowered by stock analysts at Morgan Stanley from $57.00 to $44.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 19.02% from the stock’s previous close.

Several other brokerages also recently commented on CG. TD Cowen lowered their target price on shares of The Carlyle Group from $54.00 to $37.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Evercore ISI increased their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Finally, JMP Securities lowered their target price on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.71.

The Carlyle Group Trading Up 1.0 %

CG opened at $36.97 on Monday. The Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The firm has a market capitalization of $13.35 billion, a PE ratio of 13.30, a P/E/G ratio of 0.98 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The company’s 50-day moving average is $44.61 and its 200 day moving average is $49.13.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. National Pension Service purchased a new stake in The Carlyle Group in the fourth quarter worth about $25,000. Golden State Wealth Management LLC bought a new stake in shares of The Carlyle Group in the 4th quarter worth approximately $25,000. Valley National Advisers Inc. increased its position in The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after buying an additional 327 shares in the last quarter. Nisa Investment Advisors LLC boosted 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 worth $29,000 after acquiring an additional 405 shares in the last quarter. Finally, Main Street Group LTD purchased a new stake in shares of The Carlyle Group in the fourth quarter worth $29,000. Hedge funds and other institutional investors 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.