BidaskClub upgraded shares of Aramark (NYSE:ARMK) from a hold rating to a buy rating in a research report sent to investors on Wednesday, October 18th.
Several other analysts have also recently commented on the company. Nomura upped their target price on Aramark from $45.00 to $47.00 and gave the company a buy rating in a report on Tuesday, October 17th. Royal Bank Of Canada increased their price target on Aramark from $44.00 to $47.00 and gave the stock an outperform rating in a report on Tuesday, October 17th. Morgan Stanley increased their price target on Aramark from $39.00 to $40.00 and gave the stock an equal weight rating in a report on Thursday, August 10th. Zacks Investment Research cut Aramark from a buy rating to a hold rating in a report on Tuesday, July 11th. Finally, Barclays PLC increased their price target on Aramark from $37.00 to $39.00 and gave the stock an equal weight rating in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $45.17.
Aramark (NYSE ARMK) traded up 0.76% during midday trading on Wednesday, reaching $43.63. 459,056 shares of the company traded hands. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 31.62 and a beta of 0.47. The firm has a 50 day moving average of $41.53 and a 200-day moving average of $39.63. Aramark has a 12 month low of $32.73 and a 12 month high of $43.81.
Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Analysts forecast that Aramark will post $1.96 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARMK. BlackRock Inc. grew its stake in Aramark by 4,277.8% in the 1st quarter. BlackRock Inc. now owns 12,453,306 shares of the company’s stock valued at $459,151,000 after purchasing an additional 12,168,838 shares during the period. Janus Henderson Group PLC grew its stake in Aramark by 13,882.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,833,624 shares of the company’s stock valued at $116,122,000 after purchasing an additional 2,813,359 shares during the period. Atlanta Capital Management Co. L L C grew its stake in Aramark by 25.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 9,931,393 shares of the company’s stock valued at $406,989,000 after purchasing an additional 1,997,607 shares during the period. Principal Financial Group Inc. grew its stake in Aramark by 1,987.5% in the 2nd quarter. Principal Financial Group Inc. now owns 737,730 shares of the company’s stock valued at $30,232,000 after purchasing an additional 702,390 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in shares of Aramark by 58.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,804,100 shares of the company’s stock worth $73,932,000 after acquiring an additional 668,047 shares during the period. 94.72% of the stock is owned by institutional investors and hedge funds.
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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