Royal Bank Of Canada Boosts Aramark (ARMK) Price Target to $47.00

Aramark (NYSE:ARMK) had its price target boosted by Royal Bank Of Canada from $44.00 to $47.00 in a report released on Tuesday, Marketbeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research analysts have also issued reports on ARMK. BidaskClub lowered Aramark from a sell rating to a strong sell rating in a research report on Saturday, August 12th. Morgan Stanley upped their target price on Aramark from $39.00 to $40.00 and gave the company an equal weight rating in a research report on Thursday, August 10th. Nomura reaffirmed a buy rating and set a $45.00 target price (up from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Zacks Investment Research lowered Aramark from a buy rating to a hold rating in a research report on Tuesday, July 11th. Finally, Barclays PLC upped their target price on Aramark from $37.00 to $39.00 and gave the company an equal weight rating in a research report on Friday, June 23rd. 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. The stock currently has a consensus rating of Buy and a consensus price target of $45.17.

Shares of Aramark (ARMK) opened at 42.83 on Tuesday. The company’s 50 day moving average price is $41.11 and its 200 day moving average price is $39.35. The stock has a market capitalization of $10.50 billion, a PE ratio of 31.04 and a beta of 0.47. Aramark has a 52-week low of $32.73 and a 52-week high of $42.94.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (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 company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Aramark will post $1.96 EPS for the current year.

WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/20/royal-bank-of-canada-boosts-aramark-armk-price-target-to-47-00.html.

Hedge funds have recently made changes to their positions in the company. Atria Investments LLC increased its holdings in shares of Aramark by 0.8% in the second quarter. Atria Investments LLC now owns 25,185 shares of the company’s stock valued at $1,032,000 after purchasing an additional 209 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Aramark by 59.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,502,775 shares of the company’s stock valued at $61,584,000 after purchasing an additional 562,055 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Aramark by 6.4% in the second quarter. State of Alaska Department of Revenue now owns 17,231 shares of the company’s stock valued at $706,000 after purchasing an additional 1,032 shares during the period. Simplex Trading LLC acquired a new position in shares of Aramark in the second quarter valued at about $127,000. Finally, Capital Fund Management S.A. increased its holdings in shares of Aramark b

Several other research analysts have also issued reports on ARMK. BidaskClub lowered Aramark from a sell rating to a strong sell rating in a research report on Saturday, August 12th. Morgan Stanley upped their target price on Aramark from $39.00 to $40.00 and gave the company an equal weight rating in a research report on Thursday, August 10th. Nomura reaffirmed a buy rating and set a $45.00 target price (up from $43.00) on shares of Aramark in a research report on Wednesday, August 9th. Zacks Investment Research lowered Aramark from a buy rating to a hold rating in a research report on Tuesday, July 11th. Finally, Barclays PLC upped their target price on Aramark from $37.00 to $39.00 and gave the company an equal weight rating in a research report on Friday, June 23rd. 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. The stock currently has a consensus rating of Buy and a consensus price target of $45.17.

Shares of Aramark (ARMK) opened at 42.83 on Tuesday. The company’s 50 day moving average price is $41.11 and its 200 day moving average price is $39.35. The stock has a market capitalization of $10.50 billion, a PE ratio of 31.04 and a beta of 0.47. Aramark has a 52-week low of $32.73 and a 52-week high of $42.94.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (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 company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Aramark will post $1.96 EPS for the current year.

WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/20/royal-bank-of-canada-boosts-aramark-armk-price-target-to-47-00.html.

Hedge funds have recently made changes to their positions in the company. Atria Investments LLC increased its holdings in shares of Aramark by 0.8% in the second quarter. Atria Investments LLC now owns 25,185 shares of the company’s stock valued at $1,032,000 after purchasing an additional 209 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Aramark by 59.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,502,775 shares of the company’s stock valued at $61,584,000 after purchasing an additional 562,055 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Aramark by 6.4% in the second quarter. State of Alaska Department of Revenue now owns 17,231 shares of the company’s stock valued at $706,000 after purchasing an additional 1,032 shares during the period. Simplex Trading LLC acquired a new position in shares of Aramark in the second quarter valued at about $127,000. Finally, Capital Fund Management S.A. increased its holdings in shares of Aramark by 34.0% in the second quarter. Capital Fund Management S.A. now owns 199,712 shares of the company’s stock valued at $8,184,000 after purchasing an additional 50,718 shares during the period. 94.69% of the stock is currently owned by institutional investors and hedge funds.

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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