Currently, Aramark [ARMK] is trading at $40.42, up 3.77%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ARMK shares have gain 4.50% over the last week, with a monthly amount glided 5.81%, and 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.
This stock has fluctuated between a low of $26.58 and a high of $42.04 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $39.45 within the next 12 months. Aramark [NYSE: ARMK] shares were valued at $40.42 at the most recent close of the market. An investor can expect a potential drop of -2.4% based on the average ARMK price forecast.
Analyzing the ARMK fundamentals
Trailing Twelve Months sales for Aramark [NYSE:ARMK] were 17.40B which represents -9.89% decline. Gross Profit Margin for this corporation currently stands at 0.3% 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 0.02, Equity is 0.09 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.83.
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 39.44 points at the first support level, and at 38.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.93, and for the 2nd resistance point, it is at 41.43.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Aramark [NYSE:ARMK] is 0.81. Also, the Quick Ratio is 0.72, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 3.51 and price to earnings (TTM) ratio is 41.06.
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.
