Aramark (NYSE:ARMK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Aramark (NYSE:ARMK) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $45.8750.

ARMK has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a report on Tuesday, October 14th. Wall Street Zen downgraded Aramark from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Robert W. Baird raised shares of Aramark from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $47.00 in a research note on Wednesday, August 6th. UBS Group cut their price target on shares of Aramark from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Finally, Baird R W raised shares of Aramark from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th.

Aramark Price Performance

Shares of NYSE:ARMK opened at $37.74 on Wednesday. Aramark has a twelve month low of $29.92 and a twelve month high of $44.49. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03. The company has a market cap of $9.92 billion, a PE ratio of 27.95 and a beta of 1.24. The company’s 50 day moving average is $38.61 and its 200 day moving average is $39.57.

Institutional Investors Weigh In On Aramark

Several large investors have recently bought and sold shares of the company. Harbour Investments Inc. lifted its position in shares of Aramark by 40,750.0% in the first quarter. Harbour Investments Inc. now owns 817 shares of the company’s stock valued at $28,000 after acquiring an additional 815 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Aramark in the 2nd quarter valued at $40,000. Parallel Advisors LLC lifted its holdings in Aramark by 160.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the company’s stock valued at $46,000 after purchasing an additional 678 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Aramark by 241.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,116 shares of the company’s stock worth $47,000 after purchasing an additional 789 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of Aramark during the second quarter worth $51,000.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.