Ares Management Corp [ARES] stock prices are down -3.98% to $134.00 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 -6.28% over the last week, with a monthly amount drifted -2.40%, and not 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 28, 2024, when Deutsche Bank initiated its Buy rating and assigned the stock a price target of $176. Previously, TD Cowen started tracking the stock with Buy rating on May 07, 2024, and set its price target to $154. On January 09, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $122 on the stock. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $133 on October 05, 2023. Keefe Bruyette downgraded its rating to a Mkt Perform and reduced its price target to $98 on July 10, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on June 12, 2023, and downed its price target to $93. In a note dated November 14, 2022, BMO Capital Markets downgraded an Market Perform rating on this stock but restated the target price of $93.
The stock price of Ares Management Corp [ARES] has been fluctuating between $88.50 and $150.12 over the past year. Currently, Wall Street analysts expect the stock to reach $129.29 within the next 12 months. Ares Management Corp [NYSE: ARES] shares were valued at $134.00 at the most recent close of the market. An investor can expect a potential drop of -3.51% 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 131.52 points at the first support level, and at 129.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 138.23, and for the 2nd resistance point, it is at 142.47.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 6.69, the price to book ratio is 14.75 and price to earnings (TTM) ratio is 58.83.
Transactions by insiders
Recent insider trading involved KAPLAN DAVID B, Co-Founder, that happened on Jun 03 ’24 when 14659.0 shares were sold. Co-Founder, KAPLAN DAVID B completed a deal on May 31 ’24 to sell 0.11 million shares. Meanwhile, Co-Founder & Chairman of PEG Rosenthal Bennett sold 100000.0 shares on May 31 ’24.
