In last trading session, Ares Management Corporation (NYSE:ARES) saw 0.75 million shares changing hands with its beta currently measuring 1.07. Company’s recent per share price level of $77.12 trading at $0.55 or 0.72% at ring of the bell on the day assigns it a market valuation of $22.04B. That closing price of ARES’s stock is at a discount of -16.8% from its 52-week high price of $90.08 and is indicating a premium of 42.39% from its 52-week low price of $44.43. Taking a look at company’s average trading volume of 607.79K if we extend that period to 3-months.
For Ares Management Corporation (ARES), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.72 in the current quarter.
Ares Management Corporation (NYSE:ARES) trade information
Upright in the green during last session for gaining 0.72%, in the last five days ARES remained trading in the green while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $77.12 price level, adding 3.44% to its value on the day. Ares Management Corporation’s shares saw a change of -5.11% in year-to-date performance and have moved 2.83% in past 5-day. Ares Management Corporation (NYSE:ARES) showed a performance of -0.77% in past 30-days.
Wall Street analysts have assigned a consensus price target of $95.50 to the stock, which implies a rise of 19.25% to its current value. Analysts have been projecting $86.00 as a low price target for the stock while placing it at a high target of $122.00. It follows that stock’s current price would drop -58.2% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.51% for stock’s current value.
Ares Management Corporation (ARES) estimates and forecasts
Statistics highlight that Ares Management Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 25.48% of value to its shares in past 6 months, showing an annual growth rate of 31.72% while that of industry is 16.50. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 33.30% in the current quarter and calculating 56.50% increase in the next quarter. This year revenue growth is estimated to rise 24.30% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $654.43 million for the same. And 2 analysts are in estimates of company making revenue of $603.48 million in the next quarter that will end on Mar 2022. Company posted $658.01 million and $396.9 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -0.50% while estimating it to be 52.00% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 27.30% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -19.50% while estimates for its earnings growth in next 5 years are of 29.70%.
Ares Management Corporation is more likely to be releasing its next quarterly report between February 09 and February 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Ares Management Corporation (NYSE:ARES)’s Major holders
Insiders are in possession of 22.76% of company’s total shares while institution are holding 71.22 percent of that, with stock having share float percentage of 92.21%. Investors also watch the number of corporate investors in a company very closely, which is 71.22% institutions for Ares Management Corporation that are currently holding shares of the company. Wellington Management Group, LLP is the top institutional holder at ARES for having 16.8 million shares of worth $1.24 billion. And as of Sep 29, 2021, it was holding 10.02% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 14.27 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 8.52% of outstanding shares, having a total worth of $1.05 billion.
On the other hand, Smallcap World Fund and Income Fund of America Inc are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 5.17 million shares of worth $382.05 million or 3.09% of the total outstanding shares. The later fund manager was in possession of 5.14 million shares on Oct 30, 2021, making its stake of worth around $435.82 million in the company or a holder of 3.07% of company’s stock.