The price-to-earnings ratio for Ares Management Corp (NYSE: ARES) is above average at 72.53x, Company’s 36-month beta value is 1.23.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ARES is 184.53M, and currently, short sellers hold a 2.09% ratio of that floaft. The average trading volume of ARES on August 23, 2024 was 1.25M shares.
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ARES) stock’s latest price update
Ares Management Corp (NYSE: ARES) has seen a decline in its stock price by -0.69 in relation to its previous close of 144.50. However, the company has experienced a -1.44% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-07 that There are growing risks of a recession hitting due to weakening job numbers, rising unemployment, and weakening consumer spending capacity. We share a portfolio of high-yield stocks that should be able to weather a recession quite well. The yields range from 4.5%-14%.
ARES’s Market Performance
Ares Management Corp (ARES) has seen a -1.44% fall in stock performance for the week, with a -0.70% decline in the past month and a -0.86% plunge in the past quarter. The volatility ratio for the week is 1.26%, and the volatility levels for the past 30 days are at 2.53% for ARES. The simple moving average for the past 20 days is 0.20% for ARES’s stock, with a 10.37% simple moving average for the past 200 days.
Analysts’ Opinion of ARES
Many brokerage firms have already submitted their reports for ARES stocks, with Deutsche Bank repeating the rating for ARES by listing it as a “Hold.” The predicted price for ARES in the upcoming period, according to Deutsche Bank is $132 based on the research report published on June 13, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ARES reach a price target of $176. The rating they have provided for ARES stocks is “Buy” according to the report published on May 28th, 2024.
TD Cowen gave a rating of “Buy” to ARES, setting the target price at $154 in the report published on May 07th of the current year.
ARES Trading at 2.02% 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 -7.73% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 1.26%, as shares sank -1.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.69% upper at present.
During the last 5 trading sessions, ARES fell by -1.44%, which changed the moving average for the period of 200-days by +34.02% in comparison to the 20-day moving average, which settled at $143.13. In addition, Ares Management Corp saw 20.67% 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 Arougheti Michael J, who sale 19,610 shares at the price of $144.30 back on Aug 20 ’24. After this action, Arougheti Michael J now owns 171,936 shares of Ares Management Corp, valued at $2,829,755 using the latest closing price.
Arougheti Michael J, the Co-Founder, CEO and President of Ares Management Corp, sale 19,271 shares at $144.21 during a trade that took place back on Aug 22 ’24, which means that Arougheti Michael J is holding 136,970 shares at $2,779,084 based on the most recent closing price.
Stock Fundamentals for ARES
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.8 for the gross margin
The net margin for Ares Management Corp stands at 0.14. The total capital return value is set at 0.04. Equity return is now at value 20.16, with 1.60 for asset returns.
Based on Ares Management Corp (ARES), the company’s capital structure generated 0.88 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 7.1. The interest coverage ratio of the stock is 4.71.
Currently, EBITDA for the company is 2.43 billion with net debt to EBITDA at 14.14. When we switch over and look at the enterprise to sales, we see a ratio of 10.81. The receivables turnover for the company is 3.81for trailing twelve months and the total asset turnover is 0.16.
Conclusion
In a nutshell, Ares Management Corp (ARES) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
