Aramark (NYSE:ARMK)‘s stock had its “buy” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued on Thursday.

Several other equities analysts also recently commented on the company. BidaskClub upgraded Aramark from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Morgan Stanley increased their price target on Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Nomura reiterated a “buy” rating and set a $45.00 price target (up previously from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Zacks Investment Research downgraded Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Barclays PLC increased their price objective 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 research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Aramark presently has an average rating of “Buy” and an average price target of $43.00.

Aramark (NYSE:ARMK) traded up 0.46% on Thursday, hitting $41.32. 158,468 shares of the stock were exchanged. The company has a market cap of $10.13 billion, a P/E ratio of 29.94 and a beta of 0.47. The company’s 50 day moving average price is $40.32 and its 200-day moving average price is $38.95. Aramark has a one year low of $32.73 and a one year high of $41.72.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts predict that Aramark will post $1.96 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the stock. FNY Managed Accounts LLC bought a new position in shares of Aramark during the first quarter valued at $110,000. Toronto Dominion Bank lifted its holdings 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 acquiring an additional 483 shares during the period. Simplex Trading LLC bought a new position in shares of Aramark during the second quarter valued at $127,000. Acrospire Investment Management LLC lifted its holdings in shares of Aramark by 98.5% during the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after acquiring an additional 1,800 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Aramark by 3.3% during the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock valued at $166,000 after acquiring an additional 143 shares during the period. 94.84% of the stock is owned by hedge funds and other institutional investors.

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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