Aramark [ARMK] stock is trading at $37.83, down -1.20%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARMK shares have lost -0.37% over the last week, with a monthly amount drifted -1.07%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Aramark [NYSE: ARMK] stock has seen the most recent analyst activity on September 17, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $42.50 from $36. Previously, Deutsche Bank upgraded its rating to Buy on August 07, 2024, and elevated its price target to $39. On January 17, 2024, Goldman initiated with a Buy rating and assigned a price target of $33 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $33 on January 08, 2024. Jefferies upgraded its rating to a Buy and reduced its price target to $29 on October 09, 2023. Citigroup upgraded its rating to Buy for this stock on September 01, 2023, and upped its price target to $47. In a note dated August 22, 2023, UBS upgraded an Buy rating on this stock but restated the target price of $43.
Aramark [ARMK] stock has fluctuated between $25.92 and $39.99 over the past year. Currently, Wall Street analysts expect the stock to reach $39.45 within the next 12 months. Aramark [NYSE: ARMK] shares were valued at $37.83 at the most recent close of the market. An investor can expect a potential return of 4.28% based on the average ARMK price forecast.
Analyzing the ARMK fundamentals
Aramark [NYSE:ARMK] reported sales of 17.89B for the trailing twelve months, which represents a drop of -7.86%. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.50 points at the first support level, and at 37.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.37, and for the 2nd resistance point, it is at 38.90.
Ratios To Look Out For
For context, Aramark’s Current Ratio is 0.96. Further, the Quick Ratio stands at 0.86, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 3.39 and price to earnings (TTM) ratio is 28.94.
Transactions by insiders
Recent insider trading involved Harrington Lauren A, SVP and General Counsel, that happened on Mar 05 ’24 when 13384.0 shares were sold. SVP and General Counsel, Harrington Lauren A completed a deal on Dec 15 ’23 to sell 4274.0 shares. Meanwhile, COO, U.S. Food & Facilities Bruno Marc A sold 27884.0 shares on Dec 13 ’23.
