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Ares Management (NASDAQ:ARES) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Wednesday. They currently have a $16.90 target price on the stock. Zacks‘s target price points to a potential downside of 5.06% from the company’s current price.

ARES has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of Ares Management from $22.00 to $21.00 in a research note on Thursday, August 14th. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Ares Management from $23.00 to $21.00 in a research note on Tuesday, July 15th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.32.

Ares Management (NASDAQ:ARES) traded up 0.56% on Wednesday, hitting $17.90. 25,534 shares of the company’s stock traded hands. Ares Management has a 52-week low of $16.68 and a 52-week high of $20.48. The stock’s 50-day moving average is $18.85 and its 200-day moving average is $18.58. The company has a market cap of $3.832 billion and a price-to-earnings ratio of 7.25.

Ares Management (NASDAQ:ARES) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.04. On average, analysts predict that Ares Management will post $1.45 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 25th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 21st.

Ares Management, L.P. is a global alternative asset manager. The company operates in four segments: Tradable Credit Group, Direct Lending Group, Private Equity Group and Real Estate Group.

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