The Carlyle Group Inc. (NASDAQ: CG) is 15.92% higher on its value in year-to-date trading and has touched a low of $24.59 and a high of $54.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CG stock was last observed hovering at around $33.86 in the last trading session, with the day’s gains setting it 0.73% off its average median price target of $41.00 for the next 12 months. It is also 41.37% off the consensus price target high of $59.00 offered by 16 analysts, but current levels are -28.11% lower than the price target low of $27.00 for the same period.
Currently trading at $34.59, the stock is 10.08% and 14.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing 2.16% at the moment leaves the stock 4.77% off its SMA200. CG registered -31.78% loss for a year compared to 6-month loss of -1.17%.
The stock witnessed a 20.78% gain in the last 1 month and extending the period to 3 months gives it a 34.70%, and is 3.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.64% over the week and 2.80% over the month.
The Carlyle Group Inc. (CG) has around 1850 employees, a market worth around $12.21B and $5.72B in sales. Current P/E ratio is 7.21 and Fwd P/E is 9.17. Profit margin for the company is 30.50%. Distance from 52-week low is 40.67% and -36.02% from its 52-week high. The company has generated returns on investments over the last 12 months (23.00%).
The Carlyle Group Inc. (CG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The Carlyle Group Inc. (CG) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.40, where 5 rate it as a Hold and 0 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The Carlyle Group Inc. is expected to release its quarterly report on 04/27/2023.The EPS is expected to grow by 744.50% this year.
The Carlyle Group Inc. (CG) Top Institutional Holders
The shares outstanding are 362.89M, and float is at 240.29M with Short Float at 6.81%.
The Carlyle Group Inc. (CG) Insider Activity
A total of 6 insider transactions have happened at The Carlyle Group Inc. (CG) in the last six months, with sales accounting for 5 and purchases happening 1 times. The most recent transaction is an insider sale by Carlyle Group Inc.,the company’s10% Owner. SEC filings show that Carlyle Group Inc. sold 9,925 shares of the company’s common stock on Aug 17 at a price of $20.25 per share for a total of $0.2 million. Following the sale, the insider now owns 2.96 million shares.
The Carlyle Group Inc. disclosed in a document filed with the SEC on Aug 15 that Carlyle Group Inc. (Former 10% owner) sold a total of 167,755 shares of the company’s common stock. The trade occurred on Aug 15 and was made at $50.85 per share for $8.53 million. Following the transaction, the insider now directly holds 40.31 million shares of the CG stock.
Still, SEC filings show that on Aug 12, Carlyle Group Inc. (10% Owner) disposed off 94,989 shares at an average price of $49.79 for $4.73 million. The insider now directly holds 40,475,617 shares of The Carlyle Group Inc. (CG).
The Carlyle Group Inc. (CG): Who are the competitors?
The company’s main competitors (and peers) include Bank of America Corporation (BAC) that is trading -24.98% down over the past 12 months and Morgan Stanley (MS) that is -2.70% lower over the same period. The Goldman Sachs Group Inc. (GS) is 0.30% up on the 1-year trading charts.