Aramark (NYSE:ARMK) had its price target raised by equities researchers at Barclays from $45.00 to $47.00 in a research note issued on Saturday, December 30th. The firm currently has an “equal weight” rating on the stock. Barclays’ target price indicates a potential upside of 7.65% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. BidaskClub raised Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Nomura raised their target price on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Royal Bank of Canada restated a “buy” rating on shares of Aramark in a research note on Thursday, October 5th. Stifel Nicolaus assumed coverage on Aramark in a research note on Tuesday, December 19th. They issued a “buy” rating and a $50.00 target price for the company. Finally, Zacks Investment Research upgraded Aramark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Aramark currently has a consensus rating of “Buy” and an average price target of $45.86.
Aramark (ARMK) traded up $0.09 during trading on Friday, hitting $43.66. The company’s stock had a trading volume of 740,850 shares, compared to its average volume of 1,157,886. Aramark has a 52-week low of $32.87 and a 52-week high of $44.12. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.12 and a quick ratio of 0.86. The company has a market cap of $10,700.00, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.81 and a beta of 0.47.
Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Aramark had a return on equity of 19.29% and a net margin of 2.56%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the firm posted $0.49 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. sell-side analysts expect that Aramark will post 1.96 earnings per share for the current fiscal year.
In related news, Director Sanjeev K. Mehra purchased 19,640 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average cost of $40.75 per share, with a total value of $800,330.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.30% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ARMK. SG Americas Securities LLC boosted its position in shares of Aramark by 101.2% during the second quarter. SG Americas Securities LLC now owns 19,889 shares of the company’s stock valued at $815,000 after purchasing an additional 10,006 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Aramark by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 1,344,658 shares of the company’s stock valued at $55,104,000 after purchasing an additional 48,091 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Aramark by 14.8% during the second quarter. Legal & General Group Plc now owns 379,106 shares of the company’s stock valued at $15,531,000 after purchasing an additional 48,814 shares in the last quarter. Comerica Bank boosted its position in shares of Aramark by 6.7% during the second quarter. Comerica Bank now owns 23,430 shares of the company’s stock valued at $949,000 after purchasing an additional 1,478 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Aramark by 7.6% during the second quarter. BNP Paribas Arbitrage SA now owns 43,149 shares of the company’s stock valued at $1,768,000 after purchasing an additional 3,056 shares in the last quarter. 95.25% of the stock is currently owned by hedge funds and other institutional investors.
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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).
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