Ares Management (NYSE:ARES) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
Several other analysts have also recently weighed in on the company. Morgan Stanley reduced their price target on Ares Management from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, November 14th. Zacks Investment Research cut Ares Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 4th. TheStreet upgraded Ares Management from a “c+” rating to a “b-” rating in a report on Monday, December 3rd. Oppenheimer set a $28.00 price target on Ares Management and gave the stock a “buy” rating in a report on Friday, November 2nd. Finally, Goldman Sachs Group upgraded Ares Management from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Friday, January 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $26.00.
Ares Management stock opened at $21.75 on Tuesday. Ares Management has a 12-month low of $16.18 and a 12-month high of $25.95. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 1.52 and a beta of 1.58.
About Ares Management
Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.
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