Aramark (ARMK) Earns “Buy” Rating from Royal Bank Of Canada
Several other research analysts have also weighed in on the company. BidaskClub raised Aramark from a sell rating to a hold rating in a research report on Saturday, September 23rd. Morgan Stanley upped their price target on Aramark from $39.00 to $40.00 and gave the company an equal weight rating in a research report on Thursday, August 10th. Nomura reissued a buy rating and set a $45.00 price target (up from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Zacks Investment Research lowered Aramark from a buy rating to a hold rating in a research report on Tuesday, July 11th. Finally, Barclays PLC upped their price target on Aramark from $37.00 to $39.00 and gave the company an equal weight rating in a research report on Friday, June 23rd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $43.00.
Shares of Aramark (ARMK) opened at 41.42 on Thursday. The stock has a market cap of $10.15 billion, a PE ratio of 30.01 and a beta of 0.47. The firm has a 50-day moving average price of $40.45 and a 200 day moving average price of $38.99. Aramark has a 12-month low of $32.73 and a 12-month high of $41.72.
Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. Aramark’s quarterly 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. Equities research analysts predict that Aramark will post $1.96 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. FNY Managed Accounts LLC acquired a new position in Aramark in the 1st quarter worth about $110,000. Toronto Dominion Bank increased its position in Aramark by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after purchasing an additional 483 shares during the last quarter. Simplex Trading LLC acquired a new position in Aramark in the 2nd quarter worth about $127,000. Acrospire Investment Management LLC increased its position 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 purchasing an additional 1,800 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Aramark by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after purchasing an additional 143 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors.
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).
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with Analyst Ratings Network's FREE daily email newsletter.