Aramark (ARMK) PT Lowered to $45.00
Aramark (NYSE:ARMK) had its target price dropped by equities research analysts at Nomura from $47.00 to $45.00 in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Nomura’s target price would suggest a potential upside of 10.46% from the company’s previous close.
A number of other analysts also recently commented on the stock. Barclays PLC reissued a “hold” rating and set a $45.00 price objective on shares of Aramark in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. BidaskClub raised shares of Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Royal Bank Of Canada boosted their price objective on shares of Aramark from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley boosted their price objective on shares of Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Aramark presently has a consensus rating of “Buy” and an average price target of $44.83.
Aramark (ARMK) traded up $0.91 during midday trading on Wednesday, reaching $40.74. 1,844,000 shares of the company’s stock were exchanged, compared to its average volume of 1,396,884. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $10,010.00, a price-to-earnings ratio of 22.50, a PEG ratio of 1.66 and a beta of 0.50. Aramark has a one year low of $32.87 and a one year high of $44.12.
Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share (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 19.69%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. research analysts anticipate that Aramark will post 2 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its stake in shares of Aramark by 19.0% during the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after buying an additional 483 shares during the period. Advisor Group Inc. increased its position in Aramark by 85.7% during the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after purchasing an additional 1,542 shares during the last quarter. Acrospire Investment Management LLC increased its position in Aramark by 98.5% during the second 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. Pacer Advisors Inc. increased its position in Aramark by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock worth $200,000 after purchasing an additional 374 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new position in Aramark during the second quarter worth approximately $202,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.
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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