The Carlyle Group Inc. (NASDAQ:CG) has a beta value of 1.68 and has seen 1,450,717 shares traded in the last trading session. The company, currently valued at $9.75 Billion, closed the last trade at $27.97 per share which meant it lost $0 on the day or 0.29% during that session. The CG stock price is -25.06% off its 52-week high price of $34.98 and 45.62% above the 52-week low of $15.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.02 Million shares traded. The 3-month trading volume is 2.72 Million shares.
The consensus among analysts is that The Carlyle Group Inc. (CG) is an Overweight stock at the moment, with a recommendation rating of 2.6. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 8 out of 15 have rated it as a Hold, with 6 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.31.
The Carlyle Group Inc. (NASDAQ:CG) trade information
Sporting 0.29% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jul 02 when the CG stock price touched $28.50- or saw a rise of 1.86%. Year-to-date, The Carlyle Group Inc. shares have moved -12.81%, while the 5-day performance has seen it change -1.48%. Over the past 30 days, the shares of The Carlyle Group Inc. (NASDAQ:CG) have changed -3.22%. Short interest in the company has seen 10.18 Million shares shorted with days to cover at 3.74.
Wall Street analysts have a consensus price target for the stock at $27.8, which means that the shares’ value could jump -0.61% from current levels. The projected low price target is $23 while the price target rests at a high of $35. In that case, then, we find that the current price level is +25.13% off the targeted high while a plunge would see the stock lose -17.77% from current levels.
The Carlyle Group Inc. (CG) estimates and forecasts
Figures show that The Carlyle Group Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -12.65% over the past 6 months, with this year growth rate of -12.35%, compared to -16.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -45.6% and -22% for the next quarter. Revenue growth from the last financial year stood is estimated to be -4.4%.
9 analysts offering their estimates for the company have set an average revenue estimate of $460.94 Million for the current quarter. 9 have an estimated revenue figure of $469.2 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $550.7 Million and $527.8 Million respectively for this quarter and the next, and analysts expect sales will grow by -16.3% for the current quarter and -11.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +17.9% over the past 5 years. Earnings growth for 2020 is a modest +243.7% while over the next 5 years, the company’s earnings are expected to increase by 13.08%.
The Carlyle Group Inc. is expected to release its next earnings report between July 29 and August 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1 at a share yield of 3.59%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 8.62%.
The Carlyle Group Inc. (NASDAQ:CG)’s Major holders
Insiders own 105.81% of the company shares, while shares held by institutions stand at 17.65% with a share float percentage of -303.82%. Investors are also buoyed by the number of investors in a company, with The Carlyle Group Inc. having a total of 226 institutions that hold shares in the company. The top two institutional holders are BAMCO Inc. with over 3.14 Million shares worth more than $67.95 Million. As of March 30, 2020, BAMCO Inc. held 2.68% of shares outstanding.
The other major institutional holder is Colony Group Llc, with the holding of over 45.15 Thousand shares as of March 30, 2020. The firm’s total holdings are worth over $977.43 Thousand and represent 0.04% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity NASDAQ Composite Index Fund and Fidelity NASDAQ Composite Index Tracking Stock. As of March 30, 2020, the former fund manager holds about 0.16% shares in the company for having 185903 shares of worth $4.02 Million while later fund manager owns 58.1 Thousand shares of worth $1.26 Million as of March 30, 2020, which makes it owner of about 0.05% of company’s outstanding stock.