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BMO Capital Stick to Their Hold Rating for Ares Management

Published 04/01/2021, 09:16 AM
Updated 04/01/2021, 09:16 AM


BMO Capital analyst James Fotheringham maintained a Hold rating on Ares Management (NYSE:ARES) on Thursday, setting a price target of $62, which is approximately 10.66% above the present share price of $56.03.

Fotheringham expects Ares Management to post earnings per share (EPS) of $0.52 for the second quarter of 2021.

The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Ares Management, with an average price target of $57.38.
The analysts price targets range from a high of $62 to a low of $54.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $658.01 million and a net profit of $165.63 million. The company's market cap is $8.38 billion.

According to TipRanks.com, BMO Capital analyst James Fotheringham is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.6% and a 76.30% success rate.

Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. It additionally provides investors access to directly originated fixed and floating rate credit assets and the ability to capitalize on illiquidity premiums across the credit spectrum. The Private Equity Group segment manages shared control investments in corporate private equity funds. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. The company was by founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal on November 15, 2013 and is headquartered in Los Angeles, CA.

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