Ares Management LP (NYSE:ARES) price target upped to $21.00, issued a ratings update earlier today by Zacks Investment Research
- Updated: October 11, 2016
Having a price of $18.55, Ares Management LP (NYSE:ARES) traded 0.00% even on the day. With the last close up 17.32% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ARES has recorded a 50-day average of $18.33 and a two hundred day average of $15.81. Trade Volume was down over the average, with 23,234 shares of ARES changing hands under the typical 38,226
Reporting a potential upside of 0.13%, Zacks Investment Research upped the price target of Ares Management LP (NYSE:ARES) to $21.00
Recent Performance Chart
Ares Management LP has PE ratio of 66.01 with a one year low of $10.72 and a one year high of $19.54 and has a market capitalization of $0.
A total of 8 analysts have released a report on the company. 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $17.31.
Brief Synopsis On Ares Management LP (NYSE:ARES)
Ares Management, L.P. is an alternative asset manager. The Company operates through four segments: Tradable Credit Group, Direct Lending Group, Private Equity Group and Real Estate Group. Its Tradable Credit Group is a participant in the tradable, non-investment grade corporate credit markets and manages various types of investment funds, ranging from commingled and separately managed accounts for institutional investors to publicly traded vehicles and sub-advised funds for retail investors. Its Direct Lending Group is a self-originating direct lender to the United States and European markets. Its Private Equity Group manages approximately five corporate private equity commingled funds focused on North America and Europe, a China growth fund, over five commingled funds and approximately six related co-investment vehicles focused on the United States power and energy assets. Its Real Estate Group manages public and private equity and debt strategies.
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