Ares Management Corp [ARES] stock prices are saw in change for the day to $144.75 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ARES shares have lost -1.30% over the last week, with a monthly amount glided 6.47%, 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.
The stock price of Ares Management Corp [ARES] has been fluctuating between $81.88 and $150.12 over the past year. Currently, Wall Street analysts expect the stock to reach $121.5 within the next 12 months. Ares Management Corp [NYSE: ARES] shares were valued at $144.75 at the most recent close of the market. An investor can expect a potential drop of -16.06% based on the average ARES price forecast.
Analyzing the ARES fundamentals
The Ares Management Corp [NYSE:ARES] reported sales of 3.90B for trailing twelve months, representing a drop of -8.88%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.33 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.52.
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 143.64 points at the first support level, and at 142.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 145.92, and for the 2nd resistance point, it is at 147.10.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.23, the price to book ratio is 15.93 and price to earnings (TTM) ratio is 63.55.
Transactions by insiders
Recent insider trading involved Arougheti Michael J, Co-Founder, CEO and President, that happened on May 16 ’24 when 92163.0 shares were sold. Co-Founder, CEO and President, Arougheti Michael J completed a deal on May 15 ’24 to sell 0.16 million shares. Meanwhile, Co-Founder & Exec. Chairman RESSLER ANTONY P sold 0.14 million shares on Apr 17 ’24.
