In a report issued on February 22, Chris Kotowski from Oppenheimer initiated coverage with a Buy rating on Carlyle Group (CG) and a price target of $31. The company’s shares closed on Friday at $18.20.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 10.9% and a 63.7% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Apollo Global Management LLC, and Solar Senior Capital Ltd.
Currently, the analyst consensus on Carlyle Group is a Strong Buy with an average price target of $25.92, a 42.4% upside from current levels. In a report issued on February 13, Citigroup also maintained a Buy rating on the stock with a $34.50 price target.
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The company has a one-year high of $25.25 and a one-year low of $15.09. Currently, Carlyle Group has an average volume of 705K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock.
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The Carlyle Group LP engages in a multi-product global alternative asset management. It operates though the following segments: Corporate Private Equity, Real Assets, Global Market Strategies, and Investment Solutions.
