Stifel Nicolaus started coverage on shares of Aramark (NYSE:ARMK) in a research report released on Tuesday, December 19th, MarketBeat reports. The firm issued a buy rating and a $50.00 price target on the stock.
A number of other brokerages also recently issued reports on ARMK. Nomura cut their price objective on shares of Aramark from $47.00 to $45.00 and set a buy rating for the company in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of Aramark from a sell rating to a hold rating in a research report on Wednesday, November 22nd. BidaskClub upgraded shares of Aramark from a sell rating to a hold rating in a research note on Saturday, September 23rd. Royal Bank of Canada restated a buy rating on shares of Aramark in a research note on Thursday, October 5th. Finally, Barclays restated a hold rating and set a $45.00 target price on shares of Aramark in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $45.86.
Aramark (ARMK) opened at $43.66 on Tuesday. Aramark has a 1-year low of $32.87 and a 1-year high of $44.12. The firm has a market cap of $10,700.00, a P/E ratio of 29.50, a P/E/G ratio of 1.81 and a beta of 0.47. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.12 and a quick ratio of 0.86.
Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, November 14th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. analysts anticipate that Aramark will post 1.96 earnings per share for the current 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 price of $40.75 per share, for a total transaction of $800,330.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.30% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Toronto Dominion Bank grew its holdings in Aramark by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after purchasing an additional 483 shares during the last quarter. Advisor Group Inc. grew its stake in Aramark by 85.7% in the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after acquiring an additional 1,542 shares in the last quarter. Acrospire Investment Management LLC grew its stake in Aramark by 98.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after acquiring an additional 1,800 shares in the last quarter. Pacer Advisors Inc. grew its stake in Aramark by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after acquiring an additional 374 shares in the last quarter. Finally, Highlander Capital Management LLC bought a new position in Aramark in the 3rd quarter worth about $203,000. Institutional investors own 95.25% of the company’s stock.
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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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