Aramark (ARMK) Coverage Initiated at Stifel Nicolaus
Research analysts at Stifel Nicolaus started coverage on shares of Aramark (NYSE:ARMK) in a report released on Tuesday. The brokerage set a “buy” rating and a $50.00 price target on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 16.50% from the stock’s current price.
A number of other research firms also recently weighed in on ARMK. BidaskClub upgraded Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Barclays restated a “hold” rating and issued a $45.00 price objective on shares of Aramark in a report on Thursday, October 19th. Zacks Investment Research downgraded Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Nomura increased their price target on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Royal Bank of Canada increased their price target on Aramark from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.57.
Aramark (NYSE ARMK) opened at $42.92 on Tuesday. Aramark has a 12 month low of $32.87 and a 12 month high of $44.12. The company has a market capitalization of $10,411.70, a price-to-earnings ratio of 24.01, a PEG ratio of 1.80 and a beta of 0.47. The company has a quick ratio of 0.86, a current ratio of 1.12 and a debt-to-equity ratio of 2.11.
In related news, Director Sanjeev K. Mehra acquired 19,640 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were bought at an average price of $40.75 per share, with a total value of $800,330.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its position in Aramark by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after acquiring an additional 374 shares in the last quarter. Howard Hughes Medical Institute lifted its position in Aramark by 0.7% in the 2nd quarter. Howard Hughes Medical Institute now owns 57,423 shares of the company’s stock valued at $2,353,000 after acquiring an additional 382 shares in the last quarter. Utah Retirement Systems lifted its position in Aramark by 0.9% in the 2nd quarter. Utah Retirement Systems now owns 44,500 shares of the company’s stock valued at $1,824,000 after acquiring an additional 400 shares in the last quarter. Toronto Dominion Bank lifted its position in Aramark by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after acquiring an additional 483 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in Aramark by 9.9% in the 2nd quarter. Advisory Services Network LLC now owns 7,930 shares of the company’s stock valued at $325,000 after acquiring an additional 713 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.
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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