The price-to-earnings ratio for Ares Management Corp (NYSE: ARES) is above average at 54.15x. The 36-month beta value for ARES is also noteworthy at 1.18. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for ARES is 163.25M, and at present, short sellers hold a 1.70% of that float. The average trading volume of ARES on April 18, 2024 was 1.07M shares.
ARES) stock’s latest price update
The stock price of Ares Management Corp (NYSE: ARES) has jumped by 0.62 compared to previous close of 130.89. Despite this, the company has seen a fall of -1.75% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that Investors interested in Financial – Investment Management stocks are likely familiar with Victory Capital Holdings (VCTR) and Ares Management (ARES). But which of these two stocks is more attractive to value investors?
ARES’s Market Performance
ARES’s stock has fallen by -1.75% in the past week, with a monthly rise of 1.18% and a quarterly rise of 13.84%. The volatility ratio for the week is 2.41% while the volatility levels for the last 30 days are 2.33% for Ares Management Corp The simple moving average for the last 20 days is -0.99% for ARES’s stock, with a simple moving average of 16.09% for the last 200 days.
Analysts’ Opinion of ARES
Many brokerage firms have already submitted their reports for ARES stocks, with Jefferies repeating the rating for ARES by listing it as a “Hold.” The predicted price for ARES in the upcoming period, according to Jefferies is $122 based on the research report published on January 09, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see ARES reach a price target of $133. The rating they have provided for ARES stocks is “Outperform” according to the report published on October 05th, 2023.
Keefe Bruyette gave a rating of “Mkt Perform” to ARES, setting the target price at $98 in the report published on July 10th of the previous year.
ARES Trading at -1.03% from the 50-Day Moving Average
After a stumble in the market that brought ARES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.58% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares sank -0.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.78% upper at present.
During the last 5 trading sessions, ARES fell by -1.75%, which changed the moving average for the period of 200-days by +36.69% in comparison to the 20-day moving average, which settled at $132.99. In addition, Ares Management Corp saw 10.75% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARES starting from RESSLER ANTONY P, who sale 159,860 shares at the price of $130.29 back on Apr 16 ’24. After this action, RESSLER ANTONY P now owns 0 shares of Ares Management Corp, valued at $20,827,932 using the latest closing price.
RESSLER ANTONY P, the Co-Founder & Exec. Chairman of Ares Management Corp, sale 94,697 shares at $129.60 during a trade that took place back on Apr 15 ’24, which means that RESSLER ANTONY P is holding 0 shares at $12,273,163 based on the most recent closing price.
Stock Fundamentals for ARES
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.53 for the gross margin
The net margin for Ares Management Corp stands at 0.18. The total capital return value is set at 0.04. Equity return is now at value 26.32, with 1.95 for asset returns.
Based on Ares Management Corp (ARES), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 8.32. The interest coverage ratio of the stock is 1.21.
Currently, EBITDA for the company is 2.43 billion with net debt to EBITDA at 12.0. When we switch over and look at the enterprise to sales, we see a ratio of 9.65. The receivables turnover for the company is 3.2for trailing twelve months and the total asset turnover is 0.16.
Conclusion
In summary, Ares Management Corp (ARES) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
