Aramark (NYSE:ARMK) Given Consensus Recommendation of “Buy” by Brokerages
Aramark (NYSE:ARMK) has been given a consensus rating of “Buy” by the eleven analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $43.00.
Several analysts recently commented on the company. Zacks Investment Research raised Aramark from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Friday, May 12th. BidaskClub downgraded Aramark from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Deutsche Bank AG raised their price objective on Aramark from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Finally, Barclays PLC raised their price objective on Aramark from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, June 23rd.
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In other news, EVP Stephen R. Reynolds sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $40.41, for a total value of $1,212,300.00. Following the completion of the transaction, the executive vice president now owns 62,460 shares in the company, valued at approximately $2,524,008.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brian P. Pressler sold 10,629 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $40.80, for a total value of $433,663.20. Following the completion of the transaction, the senior vice president now owns 14,285 shares of the company’s stock, valued at approximately $582,828. The disclosure for this sale can be found here. Insiders sold a total of 143,629 shares of company stock worth $5,618,413 in the last three months. Company insiders own 2.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Israel Discount Bank of New York bought a new position in shares of Aramark during the first quarter valued at $103,000. FNY Managed Accounts LLC bought a new position in shares of Aramark during the first quarter valued at $110,000. Simplex Trading LLC bought a new position in shares of Aramark during the second quarter valued at $127,000. Pacer Advisors Inc. boosted its position in shares of Aramark by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock valued at $166,000 after buying an additional 143 shares during the last quarter. Finally, CAPROCK Group Inc. bought a new position in shares of Aramark during the first quarter valued at $202,000. Institutional investors own 95.56% of the company’s stock.
Shares of Aramark (NYSE ARMK) traded up 0.10% on Tuesday, reaching $40.53. The company’s stock had a trading volume of 96,420 shares. The company has a market cap of $9.89 billion, a P/E ratio of 31.13 and a beta of 0.49. The company has a 50 day moving average price of $40.45 and a 200 day moving average price of $37.09. Aramark has a 52-week low of $32.73 and a 52-week high of $41.72.
Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.63 billion. Aramark had a return on equity of 19.13% and a net margin of 2.23%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. On average, analysts anticipate that Aramark will post $1.96 earnings per share for the current fiscal year.
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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