TD Cowen analyst William Katz maintains $Ares Management (ARES.US)$ with a buy rating, and adjusts the target price from $175 to $187.
According to TipRanks data, the analyst has a success rate of 64.6% and a total average return of 12.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ares Management (ARES.US)$'s main analysts recently are as follows:
Post-Q3 results, expectations for Ares Management's fee-related earnings margin are undergoing a revision, with a newfound understanding of the supplementary distribution fees and continuous investments. Additionally, there is an increased recognition of the potential resilience in Ares's fundraising efforts.
The firm believes the optimistic scenario for Ares Management continues to hold strong, with the company maintaining or exceeding progress on 28 key performance indicators as outlined during its recent investor day.
The firm's sentiment on Ares Management has improved, prompting an adjustment of the expected valuation. This adjustment comes despite the shares underperforming on November 1 due to a softer than anticipated third quarter, along with persistent worries regarding margins and the expenses associated with wealth distribution. Nonetheless, a positive aspect was identified in the robust fundraising efforts and an uptick in deployment.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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TD Cowen分析师William Katz维持$Ares Management (ARES.US)$买入评级,并将目标价从175美元上调至187美元。
根据TipRanks数据显示,该分析师近一年总胜率为64.6%,总平均回报率为12.9%。
此外,综合报道,$Ares Management (ARES.US)$近期主要分析师观点如下:
在第三季度业绩之后,对Ares Management费用相关收益率的预期正在进行修订,对补充分销费和持续投资有了新的认识。此外,人们越来越认识到 Ares 筹款活动的潜在弹性。
该公司认为,Ares Management的乐观情绪继续保持强劲,正如最近投资者日所概述的那样,该公司在28个关键绩效指标上保持或超过了进展。
该公司对Ares Management的情绪有所改善,这促使预期估值进行了调整。尽管由于第三季度表现不佳,以及对利润率和财富分配相关支出的持续担忧,该股在11月1日表现不佳,但还是进行了此次调整。尽管如此,在强有力的筹资活动和部署的增加中,发现了一个积极的方面。
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