Aramark (NYSE:ARMK) has received a consensus rating of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $45.86.

Several brokerages have weighed in on ARMK. BidaskClub raised Aramark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Barclays lifted their target price on Aramark from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Saturday, December 30th. Nomura lifted their target price on Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Stifel Nicolaus began coverage on Aramark in a research note on Tuesday, December 19th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Zacks Investment Research downgraded Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th.

In other Aramark news, Director Sanjeev K. Mehra bought 19,640 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $40.75 per share, with a total value of $800,330.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in shares of Aramark by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after buying an additional 483 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Aramark by 85.7% in the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after buying an additional 1,542 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Aramark by 98.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock worth $149,000 after buying an additional 1,800 shares in the last quarter. Highlander Capital Management LLC bought a new stake in shares of Aramark in the 3rd quarter worth $203,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Aramark in the 3rd quarter worth $206,000. 95.40% of the stock is currently owned by institutional investors.

Aramark (NYSE ARMK) opened at $44.07 on Tuesday. Aramark has a 12-month low of $32.87 and a 12-month high of $44.28. The stock has a market capitalization of $10,800.00, a P/E ratio of 29.78, a P/E/G ratio of 1.87 and a beta of 0.47. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.86 and a current ratio of 1.12.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, November 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. Aramark had a return on equity of 19.29% and a net margin of 2.56%. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities analysts forecast that Aramark will post 1.96 earnings per share for the current fiscal year.

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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).

Analyst Recommendations for Aramark (NYSE:ARMK)

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