Aramark (ARMK) Given Average Rating of “Buy” by Brokerages
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.
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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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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