Aramark (ARMK) Receives Consensus Rating of “Buy” from Brokerages
Shares of Aramark (NYSE:ARMK) have been given an average rating of “Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.17.
Several analysts have recently weighed in on ARMK shares. BidaskClub cut shares of Aramark from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Zacks Investment Research cut shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating on shares of Aramark in a research report on Thursday, October 5th. Nomura raised their price objective on shares of Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Finally, Barclays PLC restated a “hold” rating and set a $45.00 price objective on shares of Aramark in a research report on Thursday, October 19th.
Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS.
Aramark Company Profile
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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