Currently, Ares Management Corp [ARES] is trading at $162.63, down -0.44%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ARES shares have gain 6.03% over the last week, with a monthly amount glided 8.86%, 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 September 12, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $156. Previously, Redburn Atlantic started tracking the stock with Neutral rating on August 27, 2024, and set its price target to $140. On June 13, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $132 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $176 on May 28, 2024. TD Cowen initiated its recommendation with a Buy and recommended $154 as its price target on May 07, 2024. Jefferies downgraded its rating to Hold for this stock on January 09, 2024, but kept the price target unchanged to $122. In a note dated October 05, 2023, Wolfe Research initiated an Outperform rating and provided a target price of $133 on this stock.
This stock has fluctuated between a low of $96.00 and a high of $164.55 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $150.11 within the next 12 months. Ares Management Corp [NYSE: ARES] shares were valued at $162.63 at the most recent close of the market. An investor can expect a potential drop of -7.7% based on the average ARES price forecast.
Analyzing the ARES fundamentals
Trailing Twelve Months sales for Ares Management Corp [NYSE:ARES] were 3.59B which represents -25.61% decline. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.21 and Total Capital is 0.05. 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 161.56 points at the first support level, and at 160.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 164.15, and for the 2nd resistance point, it is at 165.67.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.14, the price to book ratio is 16.18 and price to earnings (TTM) ratio is 82.20.
Transactions by insiders
Recent insider trading involved Berry Ryan, Chief Mktg. & Strategy Officer, that happened on Oct 04 ’24 when 20000.0 shares were sold. Officer, RYAN BERRY completed a deal on Oct 04 ’24 to buy 20000.0 shares. Meanwhile, Chief Mktg. & Strategy Officer Berry Ryan sold 25000.0 shares on Sep 17 ’24.
