Aramark (NYSE:ARMK) had its target price raised by equities research analysts at Barclays from $45.00 to $47.00 in a report issued on Saturday. The firm presently has an “equal weight” rating on the stock. Barclays’ price target points to a potential upside of 9.97% from the company’s current price.
Other research analysts have also issued reports about the company. Stifel Nicolaus started coverage on Aramark in a research note on Tuesday, December 19th. They issued a “buy” rating and a $50.00 target price for the company. Zacks Investment Research upgraded Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Nomura cut their price target on Aramark from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. BidaskClub raised Aramark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Royal Bank of Canada upped their price target on Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Aramark presently has an average rating of “Buy” and an average target price of $45.86.
Shares of Aramark (ARMK) opened at $42.74 on Friday. The company has a market capitalization of $10,606.86, a P/E ratio of 28.68, a P/E/G ratio of 1.83 and a beta of 0.47. Aramark has a 12 month low of $32.87 and a 12 month high of $44.12. The company has a quick ratio of 0.86, a current ratio of 1.12 and a debt-to-equity ratio of 2.11.
In other Aramark news, Director Sanjeev K. Mehra bought 19,640 shares of Aramark stock in a transaction dated Thursday, November 16th. The stock was bought at an average cost of $40.75 per share, for a total transaction of $800,330.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.90% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ARMK. Janus Henderson Group PLC raised its holdings in Aramark by 13,882.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,833,624 shares of the company’s stock valued at $116,122,000 after acquiring an additional 2,813,359 shares in the last quarter. Atlanta Capital Management Co. L L C raised its holdings in Aramark by 25.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 9,931,393 shares of the company’s stock valued at $406,989,000 after acquiring an additional 1,997,607 shares in the last quarter. Legal & General Group Plc raised its holdings in Aramark by 197.8% in the 3rd quarter. Legal & General Group Plc now owns 1,128,918 shares of the company’s stock valued at $45,843,000 after acquiring an additional 749,812 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Aramark by 1,987.5% in the 2nd quarter. Principal Financial Group Inc. now owns 737,730 shares of the company’s stock valued at $30,232,000 after acquiring an additional 702,390 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Aramark by 58.8% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,804,100 shares of the company’s stock valued at $73,932,000 after acquiring an additional 668,047 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.
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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).
