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The Carlyle Group LP (NASDAQ:CG) has been upgraded to Buy in a statement by Bank of America Corp earlier today.

Just yesterday The Carlyle Group LP (NASDAQ:CG) traded -0.10% lower at $17.45. CG’s 50-day average is $22.67 and its two hundred day average is $19.62. The last closing price is down 22.70% from the 200-day moving average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. Trading volume was down over the average, with 156,713 shares of CG changing hands under the typical 902,163

Bank of America Corp has upgraded The Carlyle Group LP (NASDAQ:CG) to Buy in a report released on 06/08/2017.

Performance Chart

The Carlyle Group LP (NASDAQ:CG)

The Carlyle Group LP has a 52 week low of $14.35 and a 52 week high of $24.85 with a P/E ratio of 56.38 The company’s market cap is currently $0.

Also covering The Carlyle Group LP's price target, a total of 14 brokerages have issued a ratings update on The Carlyle Group LP. The 12-month price target is $19.43 with one analyst rating the stock a strong buy, 5 brokers rating the stock a buy, eight equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally 0 firms rating the stock a sell.

More About The Carlyle Group LP (NASDAQ:CG)

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials. As of December 31, 2016, the Real Assets segment advised its 26 active carry funds focused on real estate, infrastructure and energy and natural resources (including power). As of December 31, 2016, the Global Market Strategies segment advised a group of 57 active funds that pursue investment strategies, including leveraged loans and structured credit, energy mezzanine opportunities, middle market lending and distressed debt. Its Investment Solutions segment provides investment opportunities and resources for its investors and clients.

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