Several analysts have recently updated their ratings and price targets for Ares Management L.P. (NYSE: ARES):

  • 10/20/2017 – Ares Management L.P. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ares Management, L.P. is a global alternative asset manager. It manages four investment groups that invest in the tradable credit, direct lending, and private equity and real estate markets. The company’s Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company’s Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. Ares Management, L.P. is headquartered in Los Angeles. “
  • 10/18/2017 – Ares Management L.P. was given a new $21.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 10/13/2017 – Ares Management L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/10/2017 – Ares Management L.P. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Ares Management, L.P. is a global alternative asset manager. It manages four investment groups that invest in the tradable credit, direct lending, and private equity and real estate markets. The company’s Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company’s Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. Ares Management, L.P. is headquartered in Los Angeles. “
  • 10/9/2017 – Ares Management L.P. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Ares Management, L.P. is a global alternative asset manager. It manages four investment groups that invest in the tradable credit, direct lending, and private equity and real estate markets. The company’s Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company’s Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. Ares Management, L.P. is headquartered in Los Angeles. “
  • 9/21/2017 – Ares Management L.P. is now covered by analysts at Oppenheimer Holdings, Inc.. They set an “outperform” rating and a $18.00 price target on the stock.
  • 9/20/2017 – Ares Management L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/9/2017 – Ares Management L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/5/2017 – Ares Management L.P. had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $22.00 price target on the stock.
  • 8/26/2017 – Ares Management L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Ares Management L.P. (NYSE:ARES) traded down 0.27% during midday trading on Tuesday, hitting $18.60. 32,814 shares of the stock traded hands. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 24.90 and a beta of 1.25. The company has a 50-day moving average price of $18.41 and a 200 day moving average price of $18.39. Ares Management L.P. has a one year low of $14.75 and a one year high of $23.25.

Ares Management L.P. (NYSE:ARES) last posted its earnings results on Friday, August 4th. The asset manager reported $0.69 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.69. The firm had revenue of $554.00 million for the quarter, compared to the consensus estimate of $442.10 million. Ares Management L.P. had a net margin of 5.86% and a return on equity of 40.94%. The company’s revenue was up 49.9% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Equities research analysts anticipate that Ares Management L.P. will post $1.81 earnings per share for the current year.

Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.

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