Ares Management Corporation Class A (NYSE:ARES) traded at a new 52-week high today of $75.93. This new high was reached on below average trading volume as 107,000 shares traded hands, while the average 30-day volume is approximately 655,000 shares.
Based on a current price of $75.83, Ares Management Corporation Class A is currently 56.0% above its average consensus analyst price target of $33.34.
In the past 52 weeks, shares of Ares Management Corporation Class A have traded between a low of $38.25 and a high of $75.93 and is now at $75.83, which is 98% above that low price.
Ares Management Corp is an asset management company based in the United States. It offers investors investment-related advice and strategies for capital growth. The company’s operating segments include Credit Group, Private Equity Group, the Real Estate Group, and Strategic Initiatives. Its Credit Group generates maximum revenue, manages credit strategies across the liquid and illiquid spectrum, including syndicated loans, high yield bonds, multi-asset credit, alternative credit investments, and direct lending. Private Equity Group manages investment strategies categorized as corporate private equity, infrastructure and power, special opportunities, and energy opportunities whereas, Real Estate Group is engaged in managing real estate equity and debt strategies.
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