Royal Bank Of Canada Increases Aramark (ARMK) Price Target to $47.00

Aramark (NYSE:ARMK) had its target price lifted by Royal Bank Of Canada from $44.00 to $47.00 in a research report report published on Tuesday, October 17th, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Barclays PLC lifted their price objective on Aramark from $37.00 to $39.00 and gave the stock an equal weight rating in a research report on Friday, June 23rd. BidaskClub upgraded Aramark from a buy rating to a strong-buy rating in a research report on Wednesday, June 28th. Morgan Stanley boosted their target price on Aramark from $39.00 to $40.00 and gave the stock an equal weight rating in a research report on Thursday, August 10th. Nomura restated a buy rating and set a $45.00 target price (up from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Finally, Zacks Investment Research lowered Aramark from a buy rating to a hold rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $45.17.

Shares of Aramark (NYSE ARMK) opened at 43.63 on Tuesday. Aramark has a one year low of $32.73 and a one year high of $43.81. The firm has a market capitalization of $10.69 billion, a P/E ratio of 31.62 and a beta of 0.47. The firm has a 50-day moving average of $41.36 and a 200-day moving average of $39.55.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. On average, equities analysts predict that Aramark will post $1.96 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/28/royal-bank-of-canada-increases-aramark-armk-price-target-to-47-00.html.

Institutional investors have recently made changes to their positions in the company. FNY Managed Accounts LLC bought a new stake in shares of Aramark during the 1st quarter worth approximately $110,000. Toronto Dominion Bank raised its stake in shares of Aramark by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after purchasing an additional 483 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of Aramark during the 2nd quarter worth approximately $127,000. Acrospire Investment Management LLC raised its stake in shares of Aramark by 98.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Aramark by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

Aramark Company Profile

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).

Analyst Recommendations for Aramark (NYSE:ARMK)

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply