The leading market experts have placed a mean price target of $18.67 on Ares Management L.P. (NYSE:ARES) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.34 a share for the upcoming quarter and $1.20 for the current fiscal.
The technical analysis of Ares Management L.P. Common Uni plainly substantiates that the 50-day moving average of Ares Management L.P. Common Uni is $17.08, and stock is trading $1.03 points away or +6.04% from its 50-day moving average of $17.08. Further it is trading $3.38 or +22.95% away its 200-day moving average of $14.73. Ares Management L.P. (NYSE:ARES) 52-week high is $19.46 and the 52-week low is $10.72.
This explains if the stock moves $-1.35, it will post a 52-week high. In event of +68.94% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Ares Management L.P. Common Uni, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ares Management L.P. (NYSE:ARES) ratio came in at 64.45.
The stock last ended the trading session at $18.11 and registered a market cap of $3.88B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ares Management L.P. (NYSE:ARES) PEG ratio is at 0.52.
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