Deutsche Bank (DE:DBKGn) analyst Brian Bedell maintained a Hold rating on Carlyle Group (NASDAQ:CG) on Friday, setting a price target of $24, which is approximately 2.13% above the present share price of $23.5.
Bedell expects Carlyle Group to post earnings per share (EPS) of -$1.76 for the second quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Hold rating of shares in Carlyle Group, with an average price target of $25.22.
The analysts price targets range from a high of $33 to a low of $21.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of -$485.8 million and a net profit of $0. The company's market cap is $8.27 billion.
According to TipRanks.com, Deutsche Bank analyst Brian Bedell is a 4-star analyst with an average return of 1.6% and a 47.3% success rate.
The Carlyle Group, Inc. engages in a multi-product global alternative asset management. It operates though the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds which pursue a variety of corporate investments of different sizes and growth potentials. The Real Estate segment consists of real estate, infrastructure and energy, and natural resources. The Global Credit segment includes leveraged loans and structured credit, energy mezzanine opportunities, middle market lending, and distressed debt. The Investment Solutions segment provides comprehensive investment opportunities and resources for the investors, and clients to build private equity, and real estate portfolios through funds of funds, secondary purchases of existing portfolios, and managed co-investment programs. The company was founded by William E. Conway Jr., Daniel A. D'Aniello and David M. Rubenstein in 1987 and is headquartered in Washington, DC.
