Why Ares Management L.P. (NYSE:ARES) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $17.5800 on Ares Management L.P. (NYSE:ARES) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.0400 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Ares Management L.P. (NYSE:ARES) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Ares Management L.P. Common Uni, the PEG ratio for coming 3-5 years is 0.5000.

Technical Analysis

The technical analysis highlights that Ares Management L.P. Common Uni current is trading $2.1351 points away or +14.0341% from its 50-day moving average of $15.2137. Further it is trading $3.4218 or +24.5695% away its 200-day moving average of $13.9270.

The 52-week high of Ares Management L.P. (NYSE:ARES) was $19.4600 while lowest point recorded in 52-week was $10.7200. It implies if stock price makes a movement of over $-2.1112, it will record a new 52-week high. In the case of +61.8358% drop, it will touch a new 52-week low.

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