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.

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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.

About Aramark

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).

Analyst Recommendations for Aramark (NYSE:ARMK)

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