Ares Management Corporation which can be found using ticker (ARES) now have 11 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $181.00 and $127.00 and has a mean share price target at $154.73. (at the time of writing). Given that the stocks previous close was at $140.17 and the analysts are correct then there would likely be a percentage uptick in value of 10.4%. Also worth taking note is the 50 day moving average now sits at $136.87 while the 200 day moving average is $120.00. The total market capitalization for the company now stands at 42.82B. The stock price is currently at: $138.20 USD
The potential market cap would be $47,263,789,054 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 60.88, revenue per share of $18.76 and a 2.65% return on assets.
Ares Management Corporation is an alternative investment manager. The Company offers its investors a range of investment strategies. The Company operates through five segments: Credit Group, Private Equity Group, Real Assets Group, Secondaries Group and Strategic Initiatives. The Company’s Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including syndicated loans, high yield bonds, multi-asset credit, alternative credit investments and direct lending. The Company’s Private Equity Group segment categorizes its investment strategies as corporate private equity and special opportunities. Its Real Assets Group segment manages equity and debt strategies across real estate and infrastructure investments. Its Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate and infrastructure.
