Why The Carlyle Group L.P. (NASDAQ:CG) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $19.00 on The Carlyle Group L.P. (NASDAQ:CG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.33 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of The Carlyle Group L.P. (NASDAQ:CG) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For The Carlyle Group L.P., the PEG ratio for coming 3-5 years is 0.49.

Technical Analysis

The technical analysis highlights that The Carlyle Group L.P. current is trading $-0.28 points away or -1.73% from its 50-day moving average of $16.48. Further it is trading $0.04 or +0.28% away its 200-day moving average of $16.16.

The 52-week high of The Carlyle Group L.P. (NASDAQ:CG) was $22.66 while lowest point recorded in 52-week was $11.25. It implies if stock price makes a movement of over $-6.46, it will record a new 52-week high. In the case of +44.00% drop, it will touch a new 52-week low.

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