Aramark’s (ARMK) Hold Rating Reaffirmed at Barclays PLC

Barclays PLC restated their hold rating on shares of Aramark (NYSE:ARMK) in a research report report published on Thursday. They currently have a $45.00 target price on the stock.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Aramark from a hold rating to a strong sell rating in a research note on Wednesday. BidaskClub raised Aramark from a hold rating to a buy rating in a research note on Wednesday. Nomura upped their price target on Aramark from $45.00 to $47.00 and gave the company a buy rating in a research note on Tuesday. Royal Bank Of Canada upped their price target on Aramark from $44.00 to $47.00 and gave the company an outperform rating in a research note on Tuesday. Finally, Morgan Stanley upped their price target on Aramark from $39.00 to $40.00 and gave the company an equal weight rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Aramark presently has an average rating of Buy and an average target price of $45.17.

Aramark (NYSE ARMK) traded up 1.07% on Thursday, reaching $43.29. The company had a trading volume of 615,853 shares. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 31.37 and a beta of 0.47. Aramark has a 12 month low of $32.73 and a 12 month high of $43.35. The company’s 50 day moving average price is $41.11 and its 200-day moving average price is $39.35.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company 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 business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, equities analysts predict that Aramark will post $1.96 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/20/aramarks-armk-hold-rating-reaffirmed-at-barclays-plc.html.

Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank lifted its stake in Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after buying an additional 483 shares during the period. Simplex Trading LLC acquired a new position in Aramark in the second quarter valued at about $127,000. Acrospire Investment Management LLC lifted its stake in Aramark by 98.5% in the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after buying an additional 1,800 shares during the period. Pacer Advisors Inc. lifted its stake in Aramark by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after buying an ad

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Aramark from a hold rating to a strong sell rating in a research note on Wednesday. BidaskClub raised Aramark from a hold rating to a buy rating in a research note on Wednesday. Nomura upped their price target on Aramark from $45.00 to $47.00 and gave the company a buy rating in a research note on Tuesday. Royal Bank Of Canada upped their price target on Aramark from $44.00 to $47.00 and gave the company an outperform rating in a research note on Tuesday. Finally, Morgan Stanley upped their price target on Aramark from $39.00 to $40.00 and gave the company an equal weight rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Aramark presently has an average rating of Buy and an average target price of $45.17.

Aramark (NYSE ARMK) traded up 1.07% on Thursday, reaching $43.29. The company had a trading volume of 615,853 shares. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 31.37 and a beta of 0.47. Aramark has a 12 month low of $32.73 and a 12 month high of $43.35. The company’s 50 day moving average price is $41.11 and its 200-day moving average price is $39.35.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company 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 business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, equities analysts predict that Aramark will post $1.96 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/20/aramarks-armk-hold-rating-reaffirmed-at-barclays-plc.html.

Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank lifted its stake in Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after buying an additional 483 shares during the period. Simplex Trading LLC acquired a new position in Aramark in the second quarter valued at about $127,000. Acrospire Investment Management LLC lifted its stake in Aramark by 98.5% in the second quarter. Acrospire Investment Management LLC now owns 3,628 shares of the company’s stock valued at $149,000 after buying an additional 1,800 shares during the period. Pacer Advisors Inc. lifted its stake in Aramark by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after buying an additional 374 shares during the period. Finally, Parametrica Management Ltd acquired a new position in Aramark in the second quarter valued at about $202,000. 94.69% of the stock is currently owned by institutional investors and hedge funds.

About Aramark

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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