Wells Fargo has recently initiated Carlyle Group Inc (CG) stock to Equal Weight rating, as announced on September 12, 2024, according to Finviz. Earlier, on August 27, 2024, Redburn Atlantic had initiated the stock to Buy, setting a price target of $55. JP Morgan also reduced Neutral rating with a price target of $44. Additionally, Citigroup reduced Neutral rating on January 19, 2024, with a target price of $41. TD Cowen analysts, in their report published on January 4, 2024, also initiated Market Perform rating for Carlyle Group Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Carlyle Group Inc (CG) Stock Trading Recap
On Friday, Carlyle Group Inc (CG) stock saw a modest uptick, ending the day at $40.05 which represents a slight increase of $1.28 or 3.30% from the prior close of $38.77. The stock opened at $39.15 and touched a low of $39.15 during the day, reaching a high of $40.06. The volume of shares traded was 2.65 million exceeding the average volume of 2.34 million.
CG Stock Performance and Moving Averages
In recent trading, Carlyle Group Inc (CG) stock price has shown some volatility, fluctuating 7.57% over the last five trades and -1.81% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -11.30%, and it has gained 0.98% in the previous three months. Currently, CG is trading at 1.47%, -4.35%, and -5.18% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CG, a Financial sector stock, is trading -21.35% below its 52-week high but remains 47.62% above its 52-week low. The Average True Range (ATR) (14 days) of 1.21 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Carlyle Group Inc’s Profitability and Valuation Ratios
Carlyle Group Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -7.62% and a profit margin of -12.80%, with a gross margin of -11.30%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Carlyle Group Inc’s market capitalization stands at $14.27 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 9.12. Additionally, the Price-to-Sales Ratio is 4.6, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.84, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 42.42% of Carlyle Group Inc (CG)’s shares, while financial institutions hold 59.84%.
Notable insider trades include Carlyle Group Inc., 10% Owner at Carlyle Group Inc (CG), who sold 74134 shares on Aug 09 ’24, at $41.53 each, totaling $3.08 million. On Aug 08 ’24, Carlyle Group Inc., 10% Owner, sold 106705 shares for $41.07 each, amounting to $4.38 million. Additionally, on Aug 07 ’24, Carlyle Group Inc. sold 78180 shares at $39.94 each, generating $3.12 million.
