Deutsche Bank raised the price target for the Ares Management Corp (NYSE:ARES) stock to “a Buy”. The rating was released on May 28, 2024, according to finviz. The research report from Jefferies has downgraded the stock from Buy to Hold, with a price target set at $122. The stock was initiated by Wolfe Research, who disclosed in a research note on October 05, 2023, to Outperform and set the price objective to $133. In their research brief published July 10, 2023, Keefe Bruyette analysts downgraded the Ares Management Corp stock from Outperform to Mkt Perform with a price target of $98.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -1.48% within the last five trades and -1.90% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 24.18% in the last 6 months and 2.06% was added to its value over the previous 3 months. ARES stock is trading at a margin of -2.93%, 0.25% and 13.53% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, ARES deals in the Financial domain. The stock is trading -8.41 percent below its 52-week high and 52.28 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 43.24. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Ares Management Corp’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 31.00 percent and the profit margin is 11.17 percent, and the company has reported a gross margin of 81.78 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $26.77 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Ares Management Corp (NYSE:ARES) is 60.36. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 22.82. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 6.87 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 15.13, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 14.92 percent of Ares Management Corp shares are owned by insiders, and 83.38 percent are held by financial institutions. Olian Judy D., the Director at Ares Management Corp (ARES) has sold 3,417 shares of firm on Jun 07 ’24 at a price of $134.00 against the total amount of $0.46 million. In another inside trade, KAPLAN DAVID B, Co-Founder of Ares Management Corp (NYSE:ARES) sold 14,659 shares of the firm on Jun 03 ’24 for a total worth of $2.02 million at a price of $138.11. An inside trade which took place on May 31 ’24, Co-Founder of Ares Management Corp KAPLAN DAVID B sold 110,341 shares of firm against total price of $15.49 million at the cost of $140.35 per share.
