Ares Management Corp or NYSE: ARES share price sets a brand new record by maintaining a 52-week high on 9 August 2020. This happened when Morgan Stanley raised the overall price target on the ARES stock from $38.00 value to $40.00 value. As a result, Morgan currently owns an equal stock weight rating.
Ares Management Corp current stock value:
On 12 August 2020, NYSE: ARES at https://www.webull.com/quote/nyse-ares(Area Management Corp Class A) stock price was up at the rate of +0.15%, which is equivalent to +0.060 USD. It opened mid-trading at 40.89 and the highest pick was at 41.25 while the lowest pick was at 40.39. Area Management Corp has now a total market capitalization of USD 10.44 Billion. With 86.01 P/E Ratio, its dividend yield is at 3.76% rate. Its 52-week high value is at 42.40 and 52 weeks low value is at 20.20. Now, it is up to you to decide whether to invest in ARES or not. Before that, let’s have a look at the latest analytics reports!
Check out the latest updates:
For many weeks, Area Management Corp has been the top subject for many investors. Already, many marketing research analysts have made several research reports to predict the future behavior of ARES stock pricing. NYSE: ARES traded high at $42.06 while the last trade was at $42.04. Now, ARES has a volume of 18754 market shares while its previous stock closed at $40.81.
Wells Fargo & Co has given a “buy” rating to the Ares Management market shares in the latest report which was published on 5 August 2020. Besides that, Sachs Investment Research changed the Ares Management share ratio from a “buy” tag to a “hold” tag in its latest research report on 13 July 2020. Also, Oppenheimer once again gave a “hold” rating to the Ares Management market shared on 5th August 2020. Barclays lifted NYSE: ARES target price from $36.00 to $40.00 while giving the stock an “overweight” rating this Thursday. Finally, the Credit Suisse Group also lifted ARES’s target price from $38.00 to $40.00 while giving it an “outperform” rating this Thursday.
Hold or Buy: What to do?
Four share market analysts rated ARES stock with a “hold” tag while nine other share market analysts gave a “buy” rating to the company’s current market stocks. Overall, Ares Management Corp currently has an average “buy” rating with a consensus of $42.64 target price. On 13 may, 2020, Bennett Rosenthal sold almost 32,865 NYSE: ARES stock shares in a transaction that was sold at $34.28 average price. That made the total transaction value as $1,126,612.20. So, should you hold or buy, depends on you! You can check more news of stocks after hours.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.
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