A number of other equities research analysts also recently weighed in on the company. BidaskClub downgraded Aramark from a strong-buy rating to a buy rating in a research report on Friday, July 7th. Zacks Investment Research downgraded Aramark from a buy rating to a hold rating in a research 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 upped their price objective on Aramark from $45.00 to $47.00 and gave the company a buy rating in a report on Tuesday, October 17th. Finally, Morgan Stanley upped their price objective on Aramark from $39.00 to $40.00 and gave the company an equal weight rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $45.17.
Aramark (ARMK) traded down $0.20 on Thursday, reaching $43.25. The company’s stock had a trading volume of 842,659 shares, compared to its average volume of 1,030,000. Aramark has a 12-month low of $32.73 and a 12-month high of $44.12. The firm has a market cap of $10,600.00, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.82 and a beta of 0.50. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.30 and a quick ratio of 1.00.
Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. Aramark’s quarterly revenue was up .2% on a year-over-year basis. equities research analysts expect that Aramark will post 1.77 EPS for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Aramark by 4.8% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 778,289 shares of the company’s stock worth $31,606,000 after acquiring an additional 35,799 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Aramark in the third quarter valued at approximately $12,076,000. Advisor Group Inc. raised its stake in Aramark by 85.7% in the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after buying an additional 1,542 shares during the period. Toronto Dominion Bank raised its stake in Aramark by 240.6% in the third quarter. Toronto Dominion Bank now owns 10,309 shares of the company’s stock valued at $419,000 after buying an additional 7,282 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Aramark by 1.2% in the third quarter. New York State Common Retirement Fund now owns 597,783 shares of the company’s stock valued at $24,276,000 after buying an additional 7,000 shares during the period. Institutional investors and hedge funds 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).
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