BMO Capital analyst James Fotheringham maintained a Hold rating on Carlyle Group (CG) today and set a price target of $50.00. The company’s shares closed last Friday at $42.31, close to its 52-week high of $42.94.
According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 20.6% and a 76.7% success rate. Fotheringham covers the Financial sector, focusing on stocks such as International Money Express, Discover Financial Services, and Victory Capital Holdings.
Carlyle Group has an analyst consensus of Moderate Buy, with a price target consensus of $42.17, which is a 0.4% upside from current levels. In a report issued on April 16, Morgan Stanley also maintained a Hold rating on the stock with a $41.00 price target.
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Based on Carlyle Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.03 billion and net profit of $519 million. In comparison, last year the company earned revenue of $343 million and had a GAAP net loss of $8.3 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Carlyle Group, Inc. engages in a multi-product global alternative asset management. It operates though the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds which pursue a variety of corporate investments of different sizes and growth potentials. The Real Estate segment consists of real estate, infrastructure and energy, and natural resources. The Global Credit segment includes leveraged loans and structured credit, energy mezzanine opportunities, middle market lending, and distressed debt. The Investment Solutions segment provides comprehensive investment opportunities and resources for the investors, and clients to build private equity, and real estate portfolios through funds of funds, secondary purchases of existing portfolios, and managed co-investment programs. The company was founded by William E. Conway Jr., Daniel A. D’Aniello and David M. Rubenstein in 1987 and is headquartered in Washington, DC.
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