Ares Management Corp [NYSE: ARES] loss -4.47% or -7.18 points to close at $153.38 with a heavy trading volume of 5100944 shares.
The daily chart for ARES points out that the company has recorded 14.63% gains over the past six months.
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If we look at the average trading volume of 1.01M shares, ARES reached to a volume of 5100944 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Ares Management Corp [ARES]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARES shares is $150.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARES stock is a recommendation set at 2.19. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Ares Management Corp shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 12, 2024. While these analysts kept the previous recommendation, Redburn Atlantic raised their target price to Neutral. The new note on the price target was released on August 27, 2024, representing the official price target for Ares Management Corp stock. Previously, the target price had yet another drop from $176 to $132, while Deutsche Bank kept a Hold rating on ARES stock.
The Average True Range (ATR) for Ares Management Corp is set at 3.66, with the Price to Sales ratio for ARES stock in the period of the last 12 months amounting to 8.53. The Price to Book ratio for the last quarter was 15.26, with the Price to Cash per share for the same quarter was set at 7.64. Price to Free Cash Flow for ARES in the course of the last twelve months was 13.77.
Trading performance analysis for ARES stock
Ares Management Corp [ARES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.87. With this latest performance, ARES shares gained by 9.49% in over the last four-week period, additionally plugging by 14.63% over the last 6 months – not to mention a rise of 41.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARES stock in for the last two-week period is set at 51.24, with the RSI for the last a single of trading hit 45.18, and the three-weeks RSI is set at 53.63 for Ares Management Corp [ARES]. The present Moving Average for the last 50 days of trading for this stock 147.48, while it was recorded at 157.89 for the last single week of trading, and 136.67 for the last 200 days.
Ares Management Corp [ARES]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Ares Management Corp posted 0.83/share EPS, while the average EPS was predicted by analysts to be reported at 0.87/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARES. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ares Management Corp go to 24.04%.
An analysis of Institutional ownership at Ares Management Corp [ARES]
There are presently around $83.10%, or 96.74%% of ARES stock, in the hands of institutional investors. The top three institutional holders of ARES stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 18.65 million shares, which is approximately 9.6835%. VANGUARD GROUP INC, holding 18.02 million shares of the stock with an approximate value of $$2.4 billion in ARES stocks shares; and VANGUARD GROUP INC, currently with $$1.78 billion in ARES stock with ownership which is approximately 6.9383%.
