Analysts’ Weekly Ratings Changes for Ares Management (ARES)

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

  • 1/16/2018 – Ares Management was downgraded by analysts at Zacks Investment Research from a “buy” 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. “
  • 1/15/2018 – Ares Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 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. “
  • 1/11/2018 – Ares Management had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $24.00 price target on the stock.
  • 1/10/2018 – Ares Management had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $33.00 price target on the stock, up previously from $25.00. They noted that the move was a valuation call. They noted that the move was a valuation call.

Shares of Ares Management LP (NYSE:ARES) traded up $1.00 during mid-day trading on Tuesday, hitting $24.20. 279,500 shares of the stock traded hands, compared to its average volume of 206,707. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.37 and a quick ratio of 0.37. Ares Management LP has a 52 week low of $17.25 and a 52 week high of $24.70. The company has a market capitalization of $5,180.00, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 0.93 and a beta of 1.23.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 3rd. The asset manager reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. Ares Management had a net margin of 4.98% and a return on equity of 39.54%. The company had revenue of $283.67 million during the quarter, compared to the consensus estimate of $286.76 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue was down 15.4% compared to the same quarter last year. sell-side analysts predict that Ares Management LP will post 1.85 earnings per share for the current fiscal 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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