Ares Management (ARES) Gets a Hold Rating from Morgan Stanley
In a report released today, Michael Cyprys from Morgan Stanley maintained a Hold rating on Ares Management (NYSE: ARES), with a price target of $25. The company’s shares closed yesterday at $21.65.
According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 5.2% and a 70.2% success rate. Cyprys covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Oaktree Capital Group Llc, and E*Trade Financial.
Currently, the analyst consensus on Ares Management is a Moderate Buy with an average price target of $26.67.
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The company has a one-year high of $25.95 and a one-year low of $18. Currently, Ares Management has an average volume of 612.4K.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARES in relation to earlier this year.
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Ares Management LP is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group.