Ares Management L.P. (ARES) Stock Rating Upgraded by BidaskClub

Ares Management L.P. (NYSE:ARES) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities analysts have also commented on ARES. Zacks Investment Research lowered Ares Management L.P. from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine lowered Ares Management L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada set a $21.00 price objective on Ares Management L.P. and gave the company a “buy” rating in a research note on Saturday, August 5th. TheStreet raised Ares Management L.P. from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $22.00 price objective on shares of Ares Management L.P. in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $21.00.

Ares Management L.P. (NYSE ARES) opened at $18.80 on Friday. Ares Management L.P. has a twelve month low of $15.75 and a twelve month high of $23.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.37 and a quick ratio of 0.43. The company has a market capitalization of $1,545.57, a price-to-earnings ratio of 10.27, a PEG ratio of 0.78 and a beta of 1.23.

Ares Management L.P. (NYSE:ARES) last posted its quarterly earnings results on Friday, November 3rd. The asset manager reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. Ares Management L.P. had a return on equity of 39.54% and a net margin of 4.98%. The firm had revenue of $283.67 million during the quarter, compared to analyst estimates of $286.76 million. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. research analysts anticipate that Ares Management L.P. will post 1.8 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in Ares Management L.P. by 96.0% during the first quarter. Morgan Stanley now owns 481,359 shares of the asset manager’s stock valued at $9,122,000 after purchasing an additional 235,816 shares in the last quarter. Capital World Investors purchased a new stake in Ares Management L.P. during the second quarter valued at about $9,649,000. James Investment Research Inc. purchased a new stake in Ares Management L.P. during the second quarter valued at about $1,200,000. GSA Capital Partners LLP purchased a new stake in Ares Management L.P. during the second quarter valued at about $932,000. Finally, PM CAPITAL Ltd purchased a new stake in Ares Management L.P. during the third quarter valued at about $7,785,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

About Ares Management L.P.

Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.

Analyst Recommendations for Ares Management L.P. (NYSE:ARES)

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