The Carlyle Group Closes In On Key Benchmark Amid Divestiture, Strong Market For Financial Firms

The Carlyle Group (CG), the No. 2 largest private equity firm by capital raised in 2020, saw its Relative Strength Rating improve from 68 to 71 on Monday.


The 71 Relative Strength Rating means that Carlyle Group has outperformed 71% of all stocks over the past year.

Market research shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if The Carlyle Group Inc can continue to show renewed price strength and clear that threshold.

Among other key ratings, The Carlyle Group holds an excellent 97 Composite Rating. The rating contains a mix of five other IBD stock ratings. The best growth stocks have a Composite Rating of 90 or better.

Funds Accumulating Carlyle Group

The Washington, D.C.-based company’s Accumulation/Distribution Rating is B-. The B- A/D Rating, one of the five Composite Ratings, indicating funds and other institutions are buying more shares than selling.

The Carlyle Group provides global asset management across a range of industries, geographies and asset classes.

Additionally, on April 1, the company announced it would sell Liberty Tire Recycling to ECP. Terms of the deal weren’t disclosed.

Three Quarters Of Rising Profits

Regarding top and bottom line numbers, Carlyle Group has posted three quarters of rising earnings growth. Top line growth has also moved higher over the same time frame.

Meanwhile, in its most recent quarter, earnings soared more than 1,000%, to $1.44 per share, reversing from a 7-cent loss a year ago. Revenue for the quarter was up 229% to $1.51 billion. The company plans to report first quarter results the morning of April 29.

CEO Kewsong Lee said in the Q4 earnings release, “First, Carlyle delivered very strong results for shareholders in 2020. Second, our investment portfolio is in great shape. And third, our business model and organization proved extremely resilient and adaptable to the changing environment.”

Other Top-Rated Investment Companies

The Carlyle Group holds the No. 5 rank among its peers in the Finance-Investment Management industry group. FS KKR Capital (FSKR) and T. Rowe Price (TROW) are also among the group’s highest-rated stocks.

See How IBD Helps You Make More Money In Stocks

The Carlyle Group has moved more than 5% past a 37.86 entry in a first-stage cup with handle, meaning it’s now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the last 52 weeks compares to other publicly traded companies.


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