Carlyle Group LP (NYSE:CG) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report released on Thursday, TheFlyOnTheWall.com reports. They currently have a $29.00 target price on the stock. Citigroup Inc.’s price objective indicates a potential upside of 3.65% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated a “hold” rating on shares of Carlyle Group LP in a research note to investors on Wednesday, July 17th. They now have a $31.00 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Carlyle Group LP from $31.00 to $30.00 in a research note to investors on Wednesday, July 17th. They now have a “buy” rating on the stock. Finally, analysts at Sandler O’Neill initiated coverage on shares of Carlyle Group LP in a research note to investors on Wednesday, June 5th. They set a “buy” rating on the stock.
Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.88.
Carlyle Group LP (NYSE:CG) last released its earnings data on Wednesday, August 7th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.21. The company had revenue of $769.30 million for the quarter, compared to the consensus estimate of $563.60 million. During the same quarter last year, the company posted ($0.19) earnings per share. Carlyle Group LP’s revenue was up 209.7% compared to the same quarter last year. Analysts expect that Carlyle Group LP will post $3.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 30th. Investors of record on Monday, August 19th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.29%.
The Carlyle Group L.P. is a global alternative asset management firm. The Company advises an array of specialized investment funds and other investment vehicles that invest across a range of industries, geographies, asset classes and investment strategies.
