Oppenheimer analyst Chris Kotowski initiated coverage with a Buy rating on Ares Management (ARES) on February 22 and set a price target of $28. The company’s shares closed on Friday at $23.79.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 10.9% and a 63.7% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Apollo Global Management LLC, and Solar Senior Capital Ltd.
Ares Management has an analyst consensus of Moderate Buy, with a price target consensus of $25.50.
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Based on Ares Management’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $14.34 million. In comparison, last year the company had a net profit of $38.26 million.
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Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group.
