At the time of writing, Ares Management Corp [ARES] stock is trading at $140.34, down -0.85%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARES shares have gain 4.94% over the last week, with a monthly amount drifted -1.55%, 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 June 13, 2024, when Deutsche Bank downgraded its rating to a Hold and also revised its price target to $132 from $176. Previously, Deutsche Bank started tracking the stock with Buy rating on May 28, 2024, and set its price target to $176. On May 07, 2024, TD Cowen initiated with a Buy rating and assigned a price target of $154 on the stock. Jefferies downgraded its rating to a Hold but stick to its price target of $122 on January 09, 2024. Wolfe Research initiated its recommendation with a Outperform and recommended $133 as its price target on October 05, 2023. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on July 10, 2023, and downed its price target to $98. In a note dated June 12, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $99 to $93.
For the past year, the stock price of Ares Management Corp fluctuated between $96.00 and $155.53. Currently, Wall Street analysts expect the stock to reach $127.63 within the next 12 months. Ares Management Corp [NYSE: ARES] shares were valued at $140.34 at the most recent close of the market. An investor can expect a potential drop of -9.06% based on the average ARES price forecast.
Analyzing the ARES fundamentals
According to Ares Management Corp [NYSE:ARES], the company’s sales were 3.59B for trailing twelve months, which represents an -25.61% plunge. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.28 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 7.1.
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 139.13 points at the first support level, and at 137.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 141.73, and for the 2nd resistance point, it is at 143.11.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.80, the price to book ratio is 13.96 and price to earnings (TTM) ratio is 70.93.
Transactions by insiders
Recent insider trading involved deVeer R. Kipp, Head of Credit Group, that happened on Jul 22 ’24 when 41676.0 shares were sold. Co-Founder & Chairman of PEG, Rosenthal Bennett completed a deal on Jun 21 ’24 to sell 0.15 million shares. Meanwhile, Co-Founder KAPLAN DAVID B sold 0.12 million shares on Jun 21 ’24.
