Zacks Research downgraded shares of Aramark (NYSE:ARMK – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks reports.
ARMK has been the subject of several other research reports. Stifel Nicolaus boosted their price target on shares of Aramark from $54.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Morgan Stanley set a $63.00 target price on shares of Aramark in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Aramark from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 15th. Royal Bank Of Canada boosted their target price on shares of Aramark from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Finally, Citigroup upped their price target on shares of Aramark from $74.00 to $75.50 and gave the stock a “buy” rating in a research report on Monday, October 12th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.25.
Read Our Latest Stock Report on ARMK
Aramark Stock Performance
Shares of NYSE ARMK opened at $52.36 on Tuesday. The company has a market capitalization of $13.80 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 0.80 and a beta of 1.10. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The company’s fifty day moving average price is $55.77 and its 200 day moving average price is $50.25. Aramark has a 1 year low of $35.07 and a 1 year high of $62.65.
Aramark (NYSE:ARMK – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, research analysts predict that Aramark will post 2.27 earnings per share for the current year.
Institutional Investors Weigh In On Aramark
Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Aramark during the 2nd quarter worth about $1,411,586,000. Jupiter Topco LLC purchased a new stake in Aramark in the 2nd quarter valued at about $1,041,407,000. Bank of New York Mellon Corp acquired a new position in Aramark in the second quarter valued at about $140,853,000. Bank of America Corp DE acquired a new position in Aramark in the second quarter valued at about $137,742,000. Finally, PointState Capital LP acquired a new position in Aramark in the second quarter valued at about $135,077,000.
About Aramark
Aramark (NYSE: ARMK) is a global provider of food services and facilities management. The company serves businesses, schools and universities, hospitals, sports and entertainment venues, correctional facilities, and other organizations through contracted service arrangements.
Aramark’s food services include dining programs, catering, concessions, retail food operations, and hospitality services. Its facilities management activities include building operations, housekeeping, custodial services, maintenance, energy management, and related workplace support.
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