UBS Sticks to Its Hold Rating for Ares Management (ARES)
UBS analyst Michael Brown maintained a Hold rating on Ares Management yesterday and set a price target of $148.00. The company’s shares closed yesterday at $106.04.
Claim 30% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Brown is a 4-star analyst with an average return of 8.8% and a 60.09% success rate. Brown covers the Financial sector, focusing on stocks such as Blackstone Group, Apollo Global Management, and BlackRock.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ares Management with a $170.00 average price target, implying a 60.32% upside from current levels. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $112.00 price target.
Based on Ares Management’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.77 billion and a net profit of $54.25 million. In comparison, last year the company earned a revenue of $1.26 billion and had a net profit of $177.32 million
Read More on ARES:
Disclaimer & DisclosureReport an Issue
- Midday Fly By: Estee Lauder in deal talks with Puig, Smithfield reports Q4 beat
- Morning Movers: Smithfield gains, Concentrix sinks after quarterly results
- Ares Management down 5% as FT says private credit fund withdrawals capped
- Ares Management confirms limiting redemptions in Ares Strategic Income fund
- Ares Management price target lowered to $112 from $140 at BMO Capital
