Ares Management Corp [ARES] stock is trading at $141.46, up 0.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The ARES shares have gain 0.43% over the last week, with a monthly amount glided 0.80%, 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 August 27, 2024, when Redburn Atlantic initiated its Neutral rating and assigned the stock a price target of $140. Previously, Deutsche Bank downgraded its rating to Hold on June 13, 2024, and dropped its price target to $132. On May 28, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $176 on the stock. TD Cowen started tracking the stock assigning a Buy rating and suggested a price target of $154 on May 07, 2024. Jefferies downgraded its rating to a Hold but $122 remained the price target by the analyst firm on January 09, 2024. Wolfe Research started tracking with a Outperform rating for this stock on October 05, 2023, and assigned it a price target of $133. In a note dated July 10, 2023, Keefe Bruyette downgraded an Mkt Perform rating on this stock and revised its target price from $99 to $98.
Ares Management Corp [ARES] stock has fluctuated between $96.00 and $155.53 over the past year. Currently, Wall Street analysts expect the stock to reach $136.11 within the next 12 months. Ares Management Corp [NYSE: ARES] shares were valued at $141.46 at the most recent close of the market. An investor can expect a potential drop of -3.78% based on the average ARES price forecast.
Analyzing the ARES fundamentals
Ares Management Corp [NYSE:ARES] reported sales of 3.59B for the trailing twelve months, which represents a drop of -25.61%. 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 0.29 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.1.
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 138.78 points at the first support level, and at 136.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 142.87, and for the 2nd resistance point, it is at 144.27.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.86, the price to book ratio is 14.08 and price to earnings (TTM) ratio is 71.50.
Transactions by insiders
Recent insider trading involved Berry Ryan, Chief Mktg. & Strategy Officer, that happened on Sep 05 ’24 when 57500.0 shares were sold. Chief Mktg. & Strategy Officer, Berry Ryan completed a deal on Sep 09 ’24 to sell 10000.0 shares. Meanwhile, Officer RYAN BERRY bought 10000.0 shares on Sep 09 ’24.
