Carlyle Group (CG) Receives a Buy from JMP Securities

In a report released today, Brian McKenna from JMP Securities reiterated a Buy rating on Carlyle Group (CGResearch Report), with a price target of $60.00. The company’s shares closed last Thursday at $37.52.

According to, McKenna is a 2-star analyst with an average return of 0.3% and a 40.0% success rate. McKenna covers the Financial sector, focusing on stocks such as Apollo Global Management, Blackstone Group, and Blue Owl Capital.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carlyle Group with a $51.00 average price target, representing a 44.6% upside. In a report issued on July 13, Deutsche Bank also maintained a Buy rating on the stock with a $56.00 price target.

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Based on Carlyle Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.14 billion and net profit of $572 million. In comparison, last year the company earned revenue of $1.52 billion and had a net profit of $869 million.

Based on the recent corporate insider activity of 54 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.

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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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