Aramark (NYSE:ARMK)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank of Canada in a research note issued to investors on Friday. They currently have a $51.00 price target on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 12.38% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Barclays upped their target price on shares of Aramark from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday, December 22nd. Stifel Nicolaus started coverage on shares of Aramark in a research report on Tuesday, December 19th. They set a “buy” rating and a $50.00 target price on the stock. Nomura cut their target price on shares of Aramark from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Aramark presently has an average rating of “Buy” and a consensus price target of $46.43.
Shares of Aramark (ARMK) opened at $45.38 on Friday. Aramark has a fifty-two week low of $32.87 and a fifty-two week high of $45.45. The company has a current ratio of 1.12, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. The company has a market cap of $11,120.00, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.89 and a beta of 0.47.
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 bought at an average cost of $40.75 per share, for a total transaction of $800,330.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.90% of the company’s stock.
Several large investors have recently made changes to their positions in ARMK. Alliancebernstein L.P. raised its position in shares of Aramark by 1.1% in the 2nd quarter. Alliancebernstein L.P. now owns 163,212 shares of the company’s stock valued at $6,688,000 after acquiring an additional 1,740 shares during the period. BlackRock Inc. raised its position in shares of Aramark by 1.4% in the 2nd quarter. BlackRock Inc. now owns 12,627,800 shares of the company’s stock valued at $517,486,000 after acquiring an additional 174,494 shares during the period. Profund Advisors LLC acquired a new stake in shares of Aramark in the 2nd quarter valued at approximately $219,000. PNC Financial Services Group Inc. raised its position in shares of Aramark by 2.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 39,954 shares of the company’s stock valued at $1,638,000 after acquiring an additional 998 shares during the period. Finally, Quantitative Investment Management LLC acquired a new stake in shares of Aramark in the 2nd quarter valued at approximately $1,487,000. Institutional investors and hedge funds own 95.40% 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).
Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.