Aramark (NYSE:ARMK) Raised to Buy at BidaskClub

BidaskClub upgraded shares of Aramark (NYSE:ARMK) from a hold rating to a buy rating in a research report report published on Wednesday, October 18th.

Several other equities analysts have also issued reports on ARMK. Barclays PLC raised their price target on Aramark from $37.00 to $39.00 and gave the stock an equal weight rating in a research report on Friday, June 23rd. Zacks Investment Research cut Aramark from a buy rating to a hold rating in a report on Tuesday, July 11th. Royal Bank Of Canada reiterated a buy rating on shares of Aramark in a report on Thursday, October 5th. Nomura increased their price objective on Aramark from $45.00 to $47.00 and gave the stock a buy rating in a report on Tuesday, October 17th. Finally, Morgan Stanley increased their price objective on Aramark from $39.00 to $40.00 and gave the stock an equal weight rating in a report on Thursday, August 10th. 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 assigned a strong buy rating to the company’s stock. Aramark presently has a consensus rating of Buy and an average target price of $45.17.

Shares of Aramark (ARMK) traded down $0.30 during midday trading on Wednesday, reaching $43.45. The company’s stock had a trading volume of 833,926 shares, compared to its average volume of 1,102,419. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.30 and a quick ratio of 1.00. The company has a market cap of $10,723.35, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.82 and a beta of 0.50. Aramark has a fifty-two week low of $32.73 and a fifty-two week high of $44.12.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. sell-side analysts expect that Aramark will post 1.77 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Aramark by 4,277.8% during the 1st quarter. BlackRock Inc. now owns 12,453,306 shares of the company’s stock valued at $459,151,000 after buying an additional 12,168,838 shares in the last quarter. Janus Henderson Group PLC increased its position in Aramark by 13,882.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,833,624 shares of the company’s stock valued at $116,122,000 after buying an additional 2,813,359 shares in the last quarter. Atlanta Capital Management Co. L L C increased its position in Aramark by 25.2% during 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 buying an additional 1,997,607 shares in the last quarter. Principal Financial Group Inc. increased its position in Aramark by 1,987.5% during the 2nd quarter. Principal Financial Group Inc. now owns 737,730 shares of the company’s stock valued at $30,232,000 after buying an additional 702,390 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in Aramark by 58.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,804,100 shares of the company’s stock valued at $73,932,000 after buying an additional 668,047 shares in the last quarter. Institutional investors own 94.42% of the company’s stock.

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).

Analyst Recommendations for Aramark (NYSE:ARMK)

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