UBS Keeps Their Buy Rating on Carlyle Group (CG)
In a report released yesterday, Michael Brown from UBS maintained a Buy rating on Carlyle Group, with a price target of $65.00. The company’s shares closed yesterday at $47.26.
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Brown covers the Financial sector, focusing on stocks such as Blackstone Group, Apollo Global Management, and BlackRock. According to TipRanks, Brown has an average return of 8.8% and a 60.09% success rate on recommended stocks.
In addition to UBS, Carlyle Group also received a Buy from BMO Capital’s Brennan Hawken in a report issued yesterday. However, on March 17, TipRanks – OpenAI reiterated a Hold rating on Carlyle Group (NASDAQ: CG).
Based on Carlyle Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.84 billion and a net profit of $358.1 million. In comparison, last year the company earned a revenue of $927 million and had a net profit of $210.9 million
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CG in relation to earlier this year.
Read More on CG:
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