Shares of Aramark (NYSE:ARMK) have been assigned a consensus rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $43.20.
A number of analysts have recently issued reports on ARMK shares. Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Saturday, September 23rd. Royal Bank Of Canada reissued a “buy” rating on shares of Aramark in a research note on Thursday. Morgan Stanley upped their price objective on shares of Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Finally, Nomura reaffirmed a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of Aramark in a research note on Wednesday, August 9th.
Shares of Aramark (NYSE:ARMK) opened at 41.42 on Friday. The stock has a market capitalization of $10.15 billion, a PE ratio of 30.01 and a beta of 0.47. Aramark has a 52-week low of $32.73 and a 52-week high of $41.72. The stock has a 50 day moving average of $40.45 and a 200 day moving average of $38.99.
Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating 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 net margin of 2.37% and a return on equity of 19.29%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. Analysts forecast that Aramark will post $1.96 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC lifted its stake in Aramark by 58.8% in the second 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. Toronto Dominion Bank lifted its stake in Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after acquiring an additional 483 shares during the period. Advisory Services Network LLC lifted its stake in Aramark by 9.9% in the second quarter. Advisory Services Network LLC now owns 7,930 shares of the company’s stock worth $325,000 after acquiring an additional 713 shares during the period. WINTON GROUP Ltd purchased a new stake in Aramark in the second quarter worth about $341,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Aramark by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 173,441 shares of the company’s stock worth $7,108,000 after acquiring an additional 3,397 shares during the period. 94.84% of the stock is owned by institutional investors.
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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