In a report released yesterday, Chris Kotowski from Oppenheimer reiterated a Buy rating on Carlyle Group (CG – Research Report), with a price target of $70.00. The company’s shares closed last Friday at $38.91.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 17.8% and a 62.4% success rate. Kotowski covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Svb Financial Group, and Goldman Sachs Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carlyle Group with a $54.82 average price target, a 44.6% upside from current levels. In a report released yesterday, Evercore ISI also upgraded the stock to Buy with a $45.00 price target.
Carlyle Group’s market cap is currently $14.07B and has a P/E ratio of 7.10.
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.
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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