Barclays analyst Benjamin Budish maintained a Buy rating on Ares Management (ARES – Research Report) today and set a price target of $153.00. The company’s shares closed last Friday at $134.16.
According to TipRanks, Budish is a 4-star analyst with an average return of 5.2% and a 68.07% success rate. Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Blackstone Group, and Interactive Brokers.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ares Management with a $140.45 average price target.
ARES market cap is currently $41.64B and has a P/E ratio of 55.37.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARES in relation to earlier this year.
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Ares Management (ARES) Company Description:
Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. It additionally provides investors access to directly originated fixed and floating rate credit assets and the ability to capitalize on illiquidity premiums across the credit spectrum. The Private Equity Group segment manages shared control investments in corporate private equity funds. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. The company was by founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal on November 15, 2013 and is headquartered in Los Angeles, CA.
Read More on ARES:
- Ares Management makes strategic investment in Bluepeak.
- Bluepeak Receives Strategic Investment from Ares Management
- Ares Management Special Opportunities team to join Global Credit Group
- Rithm Capital in ‘early stages of a meaningful transformation,’ says BTIG
- Ares Management price target raised to $145 from $135 at RBC Capital
