Aramark (NYSE:ARMK – Get Rating)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $36.00 price objective on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 3.75% from the stock’s previous close.
A number of other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Aramark from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, August 10th. Morgan Stanley increased their target price on Aramark from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 27th. StockNews.com assumed coverage on Aramark in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada cut their price target on shares of Aramark from $41.00 to $38.00 and set a “sector perform” rating for the company in a research report on Thursday, October 13th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.50.
Aramark Price Performance
Shares of Aramark stock traded down $0.62 during trading on Tuesday, hitting $34.70. The stock had a trading volume of 24,278 shares, compared to its average volume of 2,033,094. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 56.89, a P/E/G ratio of 0.48 and a beta of 1.65. Aramark has a 12 month low of $28.74 and a 12 month high of $39.95. The business’s 50-day moving average is $35.32 and its 200 day moving average is $34.19. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 2.77.
Aramark (NYSE:ARMK – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Aramark had a net margin of 1.00% and a return on equity of 8.25%. The business’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. As a group, sell-side analysts anticipate that Aramark will post 1.18 earnings per share for the current year.
Institutional Trading of Aramark
Institutional investors have recently modified their holdings of the company. CWM LLC boosted its position in Aramark by 108.4% during the 1st quarter. CWM LLC now owns 667 shares of the company’s stock valued at $25,000 after acquiring an additional 347 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Aramark in the 1st quarter worth about $28,000. PNC Financial Services Group Inc. increased its stake in shares of Aramark by 35.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock worth $64,000 after acquiring an additional 447 shares in the last quarter. Prospera Financial Services Inc purchased a new position in Aramark during the 1st quarter valued at about $141,000. Finally, Neo Ivy Capital Management bought a new stake in Aramark during the second quarter worth about $156,000.
Aramark Company Profile
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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