Media headlines about Ares Management (NYSE:ARES) have trended positive on Tuesday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ares Management earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 33 out of 100, indicating that recent media coverage is unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Ares Management prices its 44th CLO at $1.1 bln (pehub.com)
- Ares Management Announces Pricing of $1.1 Billion CLO (finance.yahoo.com)
- Ares Management L.P. (NYSE:ARES) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Ares Management L.P. Common Uni (NYSE:ARES) Experiences Light Trading Volume (highlightpress.com)
- Ares Management L.P. Common Uni (NYSE:ARES) Experiences Heavy Trading Volume (highlightpress.com)
A number of research analysts have recently issued reports on ARES shares. Keefe, Bruyette & Woods raised shares of Ares Management from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Thursday, March 23rd. TheStreet raised shares of Ares Management from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Credit Suisse Group raised shares of Ares Management from a “neutral” rating to an “outperform” rating in a research report on Thursday, May 11th. BidaskClub downgraded shares of Ares Management from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Finally, Royal Bank Of Canada initiated coverage on shares of Ares Management in a research report on Thursday, June 29th. They set an “outperform” rating and a $21.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.75.
Shares of Ares Management (NYSE ARES) opened at 18.35 on Tuesday. The firm has a market capitalization of $3.93 billion, a PE ratio of 27.35 and a beta of 1.24. The firm’s 50-day moving average is $18.16 and its 200 day moving average is $18.86. Ares Management has a 52 week low of $14.61 and a 52 week high of $23.25.
Ares Management (NYSE:ARES) last posted its quarterly earnings results on Monday, May 8th. The asset manager reported $0.30 EPS for the quarter, missing the consensus estimate of $0.39 by $0.09. The business had revenue of $172.05 million during the quarter, compared to analysts’ expectations of $182.50 million. Ares Management had a negative net margin of 64.69% and a negative return on equity of 71.37%. During the same quarter last year, the firm earned $0.08 EPS. On average, equities analysts forecast that Ares Management will post $1.84 earnings per share for the current year.
Ares Management Company Profile
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.
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