The stock of The Carlyle Group Inc. (NASDAQ:CG) increased by $1.23 on Tuesday to finish at $31.58, up 4.05 percent. The last five days have seen an average of 1,854,700 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $1.74. The average number of shares traded over the last 20 days was 2,318,675, while the average volume over the last 50 days totaled 2,283,916.
CG stock dropped -11.42% since last month. On 08/18/23, the company’s shares reached a one-month low of $28.97. The stock touched a high of $38.32 on 02/02/23, after rallying from a low of $24.59 in 52 weeks. The price of CG stock has risen by 5.83% or $1.74 this year, reaching a new high 15 times. Still, the stock price is down -17.59% from the 52-week high.
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Insider Transactions
CG stock investors should be aware that The Carlyle Group Inc. (CG) stock had its last reported insider trading activity 28 days ago on Aug 02. On Aug 02, Chief Operating Officer Finn Christopher sold 27,067 shares at $32.36 each. This transaction resulted in the insider making $875,888. On Aug 02, Buser Curtis L. sold 25,828 shares at a price of US$32.36. After the transaction, the insider now owns 1,221,416 shares. Chief Human Resources Officer Larson Bruce M. had earlier sold 13,413 shares on Aug 02 for $32.36 a share. The transaction was completed for $434,045.
Valuation Metrics
The Carlyle Group Inc. (CG) has a trailing price-to-earnings (P/E) ratio of 28.30. Beta for the stock is 1.71. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.62, the price-to-book (PB) ratio of 1.91.
Company paid $0.35 per share in dividends, remained unchanged from $0.35 last year. A $0.0250 dividend increase was reported on Tuesday April 25 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.46, and the total debt to equity ratio is 1.47. As far as profitability goes, gross margin for the trailing twelve months is 88.90% percent. The Carlyle Group Inc.’s operating margin stood at 19.90% for the same period. Based on annual data, it had gross profit of $1.61 billion and revenue of $4.44 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CG’s return on assets (ROA) during the last 12 months has been 1.90%. There was a 9.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.70%.
Earnings Surprise
According to The Carlyle Group Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $462.1 million, while revenues fell by -127.01% to $859.0 million. It was predicted that The Carlyle Group Inc.’s quarterly earnings would be $0.88, but it ended up being $0.67, beating the consensus by 31.30%. EBITDA was $91.3 million for the quarter. At the end of The Carlyle Group Inc.’s most recent quarter ended June 29, its total debt was $9.28 billion. Equity owned by shareholders amounts to $359.95 million.
Technical Picture
Here’s a quick look at The Carlyle Group Inc.’s (CG) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 58.89%, suggesting the stock is Neutral, with a 26.17% historical volatility rate.
The stochastic %K and %D were 46.71% and 33.73% respectively, while the average true range (ATR) was 0.88. Based on the 14-day stochastic reading of 73.12%, the RSI (14) reading is 52.31%. On the 9-day MACD Oscillator, the stock is at 0.73, and the 14-day reading is at 0.29.
Analyst Ratings
In its analyst report released on May 19, 2023, Citigroup began covering The Carlyle Group Inc. (NASDAQ: CG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned The Carlyle Group Inc. (CG) an Overweight rating. CG is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 10 others recommend it as a buy.
What is CG’s price target for the next 12 months?
The current consensus forecast for the stock is between $31.00 and $58.00, with a median target price of $36.50. In analyzing these forecasts, the average price target given by analysts for The Carlyle Group Inc. (CG) is $39.13.
