Aramark (NYSE:ARMK)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse Group in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $50.00 price target on the stock. Credit Suisse Group’s target price would suggest a potential upside of 8.72% from the stock’s current price.
Several other research firms have also recently weighed in on ARMK. BidaskClub raised shares of 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 stock an “equal weight” rating in a report on Saturday, December 30th. Nomura lifted their target price on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Stifel Nicolaus began coverage on Aramark in a report on Tuesday, December 19th. They set a “buy” rating and a $50.00 target price for the company. Finally, Zacks Investment Research downgraded Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.88.
Aramark (NYSE ARMK) traded up $0.19 during trading on Wednesday, reaching $45.99. 465,377 shares of the company’s stock were exchanged, compared to its average volume of 1,130,000. The firm has a market cap of $11,270.00, a P/E ratio of 31.07, a PEG ratio of 1.94 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. Aramark has a 52 week low of $33.00 and a 52 week high of $46.08.
In other news, Director Sanjeev K. Mehra bought 19,640 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $40.75 per share, with a total value of $800,330.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of ARMK. Pegasus Partners Ltd. lifted its stake in Aramark by 41.8% in the third quarter. Pegasus Partners Ltd. now owns 104,938 shares of the company’s stock valued at $4,262,000 after buying an additional 30,941 shares during the period. Goldman Sachs Group Inc. grew its stake in Aramark by 2.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,898,636 shares of the company’s stock valued at $77,806,000 after purchasing an additional 43,708 shares during the period. Swiss National Bank grew its stake in Aramark by 0.6% in the 3rd quarter. Swiss National Bank now owns 1,913,100 shares of the company’s stock valued at $77,691,000 after purchasing an additional 12,000 shares during the period. Dimensional Fund Advisors LP grew its stake in Aramark by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,511,775 shares of the company’s stock valued at $61,392,000 after purchasing an additional 31,270 shares during the period. Finally, Oribel Capital Management LP grew its stake in Aramark by 256.1% in the 3rd quarter. Oribel Capital Management LP now owns 246,400 shares of the company’s stock valued at $10,007,000 after purchasing an additional 177,200 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.
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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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