why The Carlyle Group Inc. [CG] is a Good Choice for Investors After New Price Target of $49.08
The Carlyle Group Inc. [NASDAQ: CG] A -3.86% loss in the last trading session, to $28.18 per share at that time. Company report on September 15, 2022 Veritas Capital acquires Sika from Carlyle.
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Veritas Capital (“Veritas”), a leading technology and government investment firm, today announced that a subsidiary of Veritas has entered into a definitive agreement to acquire Sequa Corporation (“Sequa”), the parent company of Chromalloy (“Chromalloy”) , of the funds managed by global investment firm Carlyle (NASDAQ: CG). The financial terms of the deal were not disclosed.
Headquartered in Palm Beach Gardens, Florida, Sequoa, through its subsidiary Chromalloy, is a global technology company and a leading solutions provider for aircraft engines and gas turbines. For more than 70 years, Chromalloy solutions have safely and reliably extended the life of aircraft engines and gas turbines, improving aviation economics and power generation. Chromalloy has experience designing and developing engine and turbine components as well as advanced engineering capabilities that support proprietary component solutions. These proprietary parts and repairs are backed by Chromalloy’s extensive internal value chain including investment castings, advanced coatings and precision machining. Chromalloy is the only company left to Sequa, after selling its Precoat Metals business to AZZ Inc. (NYSE: AZZ) earlier this year.
The Carlyle Group Inc. 361.45 million shares traded, while the company’s total market capitalization is $10.36 billion with the latest information. CG’s share price is found in the range from $27.835 to $29.39.
If compared to the average trading volume of 2.47 million shares, CG reached a trading volume of 3783740 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts are saying about The Carlyle Group Inc. [CG]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on CG’s stock price target is $49.08 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for CG stock is a set recommendation at 2.40. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
BofA Securities has made an appreciation for the shares of The Carlyle Group Inc. , retaining their opinion of the stock as Underperform, with their previous recommendation back on September 6, 2022. While these analysts held the previous recommendation, Jefferies lowered their target price from $55 to $38. The new note about price target was released on August 09, 2022, which is the official target price for Carlyle Group Inc. stock. Previously, the target price had had another increase from $38 to $45, while Evercore ISI retained Outperform’s rating on CG stock.
The Average True Range (ATR) was set for Carlyle Group Inc. at 1.15, with a price-to-sales ratio for CG stock in the past 12-month period at 1.65. The price-to-book ratio for the last quarter was 1.70, with the price-to-cash-to-cash ratio for the same quarter set at 4.19. CG’s free cash flow rate for the past 12 months was 49.20.
CG stock trading performance analysis
The Carlyle Group Inc. [CG] It fell into the red at the end of last week, fell in a negative direction and fell by -10.31. With this latest performance, CG shares are down -15.45% over the past four-week period, as well as down -38.96% over the past six months – not to mention a -41.30% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for CG stock for the last two weeks was set at 27.33, with the RSI for the last one trade reaching 20.30, and the three-week RSI set at 32.53 for The Carlyle Group Inc. [CG]. The current moving average of the last 50 trading days for this stock is 33.85 while it recorded at 29.94 for the last trading week, and 41.29 for the last 200 days.
The Carlyle Group Inc. [CG]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, and The Carlyle Group Inc. [CG] The current equity operating margin is +47.67 and the gross margin is +63.39. Carlyle Group Inc. reported net margin. Currently at +34.12.
The return on equity for this stock increased to 74.66, with the return on assets remaining at 16.13.
The Carlyle Group Inc. [CG]Earnings per share (EPS) analysis
The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for CG. When it comes to the stated value, analysts expect 5-year EPS growth to rise for The Carlyle Group Inc. to -6.33%.
Insider Ownership Analysis of The Carlyle Group Inc. [CG]
There are currently approximately $5,409 million, or 53.30% of CG’s stock, in the hands of institutional investors. The three largest corporate owners of CG shares are: VANGUARD GROUP INC with ownership of 22,756,548, which is approximately 15.962% of the company’s market capitalization and about 11.10% of the total institutional ownership; MORGAN STANLEY, who owns 22,292,589 shares with an approximate value of $628.21 million in CG stock; and CAPITAL WORLD INVESTORS, currently holds $497.03 million in CG shares with ownership of approximately -8.54% of the company’s market value.
Positions increased in the shares of The Carlyle Group Inc. held by institutional investors at the end of July and at the time of the July report, as 263 institutional owners consolidated their positions in The Carlyle Group Inc. [NASDAQ:CG] About 27,547758 shares. In addition, the number of 228 investors decreased by about 25,030,235 shares, while 55 investors held positions by about 139,361,979 shares. The said changes put institutional holdings at 191,939,972 shares, according to the latest report from the Securities and Exchange Commission. CG had 58 new institutional investments totaling 3,524,591 shares, while 90 institutional investors sold positions of 4,602,718 shares during the same period.