In a report issued on January 12, Chris Kotowski from Oppenheimer maintained a Hold rating on Ares Management (ARES). The company’s shares closed last Thursday at $45.94, close to its 52-week high of $49.86.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 12.5% and a 66.4% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, New Mountain Finance, and Solar Senior Capital.
Currently, the analyst consensus on Ares Management is a Strong Buy with an average price target of $52.33.
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Ares Management’s market cap is currently $6.65B and has a P/E ratio of 86.20. The company has a Price to Book ratio of 27.60.
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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. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. It additionally provides investors access to directly originated fixed and floating rate credit assets and the ability to capitalize on illiquidity premiums across the credit spectrum. The Private Equity Group segment manages shared control investments in corporate private equity funds. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. The company was by founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal on November 15, 2013 and is headquartered in Los Angeles, CA.