Barclays Has Lowered Expectations for Ares Management (NYSE:ARES) Stock Price

Ares Management (NYSE:ARES) had its target price dropped by equities researchers at Barclays from $140.00 to $139.00 in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the asset manager’s stock. Barclays‘s target price suggests a potential upside of 13.87% from the company’s previous close.

A number of other research firms have also commented on ARES. TD Cowen raised their price objective on shares of Ares Management from $144.00 to $153.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Management in a report on Tuesday, May 26th. The Goldman Sachs Group lowered their price target on Ares Management from $165.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Zacks Research raised shares of Ares Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Citizens Jmp dropped their target price on Ares Management from $205.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Ares Management presently has a consensus rating of “Moderate Buy” and an average price target of $158.47.

Ares Management Stock Up 0.3%

Shares of Ares Management stock opened at $122.07 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.96. The firm has a market cap of $40.26 billion, a P/E ratio of 56.78, a P/E/G ratio of 1.07 and a beta of 1.51. Ares Management has a fifty-two week low of $95.80 and a fifty-two week high of $195.26. The business has a 50-day moving average price of $123.71 and a 200 day moving average price of $128.71.

Ares Management (NYSE:ARES) last issued its earnings results on Friday, May 1st. The asset manager reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Ares Management had a return on equity of 22.14% and a net margin of 10.54%.The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $1.09 earnings per share. On average, sell-side analysts forecast that Ares Management will post 6.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ares Management

Institutional investors have recently modified their holdings of the stock. Osbon Capital Management LLC acquired a new position in Ares Management in the fourth quarter valued at approximately $32,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Ares Management during the 4th quarter valued at about $42,000. Elyxium Wealth LLC bought a new position in Ares Management in the fourth quarter valued at approximately $42,000. Summit Securities Group LLC acquired a new position in Ares Management in the 4th quarter worth $49,000. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Ares Management during the fourth quarter worth about $62,000. 50.03% of the stock is owned by institutional investors.

Ares Management Company Profile

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.