Shares of Aramark (NYSE:ARMK – Get Free Report) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $42.59.
A number of equities analysts have commented on the company. Stifel Nicolaus lifted their price target on Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley upped their price target on shares of Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their price target on shares of Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of Aramark from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Truist Financial boosted their price target on Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.
View Our Latest Stock Analysis on ARMK
Institutional Trading of Aramark
Aramark Stock Up 0.6 %
Shares of ARMK opened at $37.62 on Friday. Aramark has a 1 year low of $27.47 and a 1 year high of $42.49. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.72. The stock has a 50 day simple moving average of $39.27 and a two-hundred day simple moving average of $36.61. The firm has a market cap of $9.96 billion, a P/E ratio of 38.00 and a beta of 1.63.
Aramark (NYSE:ARMK – Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. On average, analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.
Aramark Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were issued a $0.001 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. Aramark’s dividend payout ratio (DPR) is 42.42%.
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.
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