Press coverage about Ares Management L.P. (NYSE:ARES) has been trending somewhat positive on Friday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Management L.P. earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.2297611013216 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Ares Management beats 3Q profit forecasts (finance.yahoo.com)
- [$$] Ares Management Profit Growth Slows (finance.yahoo.com)
- Ares Capital Corporation Declares Fourth Quarter 2017 Dividend of $0.38 Per … (digitaljournal.com)
- Ares Capital Corporation Declares Fourth Quarter 2017 Dividend of $0.38 Per Share and Announces September 30, 2017 Financial Results (businesswire.com)
- How Wall Street Analysts Rated KKR after Its 3Q17 Results (finance.yahoo.com)
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Ares Management L.P. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, October 9th. Royal Bank Of Canada set a $21.00 price objective on shares of Ares Management L.P. and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub upgraded shares of Ares Management L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. ValuEngine lowered shares of Ares Management L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of Ares Management L.P. in a report on Thursday, September 21st. They issued an “outperform” rating and a $18.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Ares Management L.P. presently has an average rating of “Buy” and a consensus target price of $21.00.
Ares Management L.P. (NYSE:ARES) last announced its earnings results on Friday, August 4th. The asset manager reported $0.69 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. The company had revenue of $554.00 million during the quarter, compared to the consensus estimate of $442.10 million. Ares Management L.P. had a net margin of 5.86% and a return on equity of 40.94%. Ares Management L.P.’s revenue was up 49.9% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share.
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Ares Management L.P. Company Profile
Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.
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