The financial analysts who work for StockNews.com have started covering Aramark, as stated in a report made available to the public on Thursday (NYSE: ARMK).
The company recommended to its shareholders that they “keep” the stock in their investment collections.
On February 7, Aramark (NYSE: ARMK) disseminated its most recent quarterly financial report findings to the public.
The company announced earnings of $0.41 per share for the quarter, $0.05 less than the average estimate of $0.42 per share among market analysts.
It was anticipated that the company would bring in revenue for the quarter totaling $4.52 billion; however, they brought in revenue totaling $4.60 billion.
Aramark had a return on equity of 11.94%, and the company had a net margin of 1.33% during the same period.
According to the projections of industry analysts, Aramark is expected to generate earnings of 1.8 cents per share in 2018.
Trading of ARMK shares began on Thursday with an opening price of $33.60 per share.
The stock has traded at an average price of $40.66 per day over the past 50 trading days, while its price has been $38.70 per day on average over the last 200 trading days. Over one year, the price of Aramark fluctuated between $28.74 and $45.72, with a low of $28.74 and a high of $45.72, respectively.
The company has a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 0.76, and a beta value of 1.67.
All of these metrics are relative to its current stock price.
The company’s total value, as measured by its market capitalization, is $8.75 billion.
The quick ratio is 1.07 to 1, the current ratio is 1.28 to 1, and the debt-to-equity ratio is 2.56 to 1.
The quick ratio is 1.07 to 1, the current ratio is 1.28 to 1, and the debt-to-equity ratio is 2.56 to 1.
Several new research analysts have published an analysis of the company in recent weeks, and these new analysts have been writing about their findings. Citigroup increased its price target for Aramark in a research note published on Friday, January 27.
The price target was raised from $39.00 to $45.00, and the company received a “neutral” rating from the investment community.
In a research note published on Friday, December 2, Barclays raised their price target for Aramark from $34.00 to $36.00.
The note was related to the release of the research note.
Additionally, the firm rated its stock as “underweight,” indicating that they do not recommend purchasing it.
The previous grade of “b-” that The Street had assigned to Aramark was lowered to a “c+” grade in a report published on March 1.
In a research note released by JPMorgan Chase & Co on February 8, the “overweight” rating previously assigned to Aramark was changed to an “equal weight” rating.
In addition, the company moved the price target it had set for Aramark down from $45.00 to $44.00.
The Royal Bank of Canada reaffirmed its “sector perform” rating on shares of Aramark and set a price objective of $48.00 for the company’s stock in a research report published on Wednesday, February 8.
In addition, the bank established a price target of $40.00 for the stock.
There is one analyst who recommends selling shares of the company, six analysts who say investors should maintain their current holdings, two analysts who say investors should maintain their current holdings, and two analysts who say investors should buy shares of the company.
According to the information provided by Bloomberg, the overall rating for the company has been changed to “Hold,” and the overall price objective for the business has been set at $42.63.
In recent months, many hedge funds and institutional investors have been highly active in buying and selling ARMK shares.
During the third quarter, Utah Retirement Systems achieved a 0.7% increase in the amount of Aramark stock it owned. Following the acquisition of 41,769 shares during the preceding quarter, Utah Retirement Systems has since added 300 shares to its holdings, bringing the total number of shares it currently possesses to 41,769.
These shares are currently worth a total of $1,303,000 as of right now.
During the last three months of 2018, Commerce Bank increased its holdings in Aramark by 4.4%. Commerce Bank now holds 7,337 shares of the company’s stock, which are currently valued at $303,000 after purchasing an additional 310 shares during the period in question.
Toroso Investments LLC grew its holdings in Aramark by 5.3% over the third quarter by purchasing additional company shares.
Due to acquiring an additional 399 shares, Toroso Investments LLC now has 7,858 shares of the company’s stock, currently valued at $245,000.
PNC Financial Services Group INC increased the percentage of ownership it holds in Aramark by 35.9% over the first three months of the year.
PNC Financial Services Group INC has increased its stake by purchasing an additional 447 shares of its stock, bringing the total number of shares it owns to 1,693, with a value of $64,000.
This action brings the total number of shares it owns in the company to 1,693.
During the fourth and final quarter of 2018, Daiwa Securities Group INC increased the amount of Aramark stock owned by 1.5 percent.
After purchasing an additional 479 shares of the company’s stock, Daiwa Securities Group INC’s total number of shares in the company has increased to 32,630, bringing the total value of its holdings to $1,349,000.
The company’s stock was purchased in increments of 479 shares.
Aramark is a company that offers a wide range of services to its customers, such as the use of its facilities, catering, and the rental of uniforms.
The company’s operations can be divided into the following business segments:
Uniform and career apparel
International food and support services
Food and support services United States (FSS United States) (uniform)
The United States division of FSS provides catering, hospitality, and facility services to corporations, sports, entertainment, and recreation venues; colleges and universities; healthcare institutions; school districts; national and state parks; and correctional facilities.