A share price of Ares Management Corp [ARES] is currently trading at $138.67, up 1.01%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ARES shares have gain 5.29% over the last week, with a monthly amount glided 3.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ares Management Corp [NYSE: ARES] stock has seen the most recent analyst activity on May 07, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $154. Previously, Jefferies downgraded its rating to Hold on January 09, 2024, and kept the price target unchanged to $122. On October 05, 2023, Wolfe Research initiated with a Outperform rating and assigned a price target of $133 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform and decreased its price target to $98 on July 10, 2023. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $93 on June 12, 2023. BMO Capital Markets downgraded its rating to Market Perform for this stock on November 14, 2022, but kept the price target unchanged to $93. In a note dated August 31, 2022, Barclays initiated an Overweight rating and provided a target price of $92 on this stock.
Ares Management Corp experienced fluctuations in its stock price throughout the past year between $80.07 and $140.35. Currently, Wall Street analysts expect the stock to reach $110.67 within the next 12 months. Ares Management Corp [NYSE: ARES] shares were valued at $138.67 at the most recent close of the market. An investor can expect a potential drop of -20.19% based on the average ARES price forecast.
Analyzing the ARES fundamentals
Trailing Twelve Months sales for Ares Management Corp [NYSE:ARES] were 3.90B which represents -8.88% decline. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.41 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 136.50 points at the first support level, and at 134.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 139.79, and for the 2nd resistance point, it is at 140.92.
Ares Management Corp [ARES] reported earnings per share of $0.8 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.92/share, meaning a difference of -$0.12 and a surprise factor of -13.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.21 per share as compared to estimates of $1.09 per share, a difference of $0.12 representing a surprise of 11.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 6.88, the price to book ratio is 13.96 and price to earnings (TTM) ratio is 59.88.
Transactions by insiders
Recent insider trading involved RESSLER ANTONY P, Co-Founder & Exec. Chairman, that happened on Apr 17 ’24 when 0.14 million shares were sold. Co-Founder & Exec. Chairman, RESSLER ANTONY P completed a deal on Apr 16 ’24 to sell 0.16 million shares. Meanwhile, Co-Founder & Exec. Chairman RESSLER ANTONY P sold 94697.0 shares on Apr 15 ’24.
