At the time of writing, Aramark [ARMK] stock is trading at $34.52, up 0.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ARMK shares have gain 1.05% over the last week, with a monthly amount drifted -6.83%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, RBC Capital Mkts upgraded its rating to Outperform on September 17, 2024, and elevated its price target to $42.50. On August 07, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $39 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $33 on January 17, 2024. Truist initiated its recommendation with a Buy and recommended $33 as its price target on January 08, 2024. Jefferies upgraded its rating to Buy for this stock on October 09, 2023, and downed its price target to $29. In a note dated September 01, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $45 to $47.
For the past year, the stock price of Aramark fluctuated between $29.82 and $42.49. Currently, Wall Street analysts expect the stock to reach $43 within the next 12 months. Aramark [NYSE: ARMK] shares were valued at $34.52 at the most recent close of the market. An investor can expect a potential return of 24.57% based on the average ARMK price forecast.
Analyzing the ARMK fundamentals
According to Aramark [NYSE:ARMK], the company’s sales were 17.55B for trailing twelve months, which represents an 3.27% jump. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, 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 0.4.
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 33.94 points at the first support level, and at 33.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.91, and for the 2nd resistance point, it is at 35.29.
Ratios To Look Out For
It is important to note that Aramark [NYSE:ARMK] has a current ratio of 0.94. As well, the Quick Ratio is 0.84, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 2.98 and price to earnings (TTM) ratio is 27.19.
Transactions by insiders
Recent insider trading involved Harrington Lauren A, SVP and General Counsel, that happened on Nov 26 ’24 when 7909.0 shares were sold. Officer, Harrington Lauren A completed a deal on Nov 26 ’24 to buy 7909.0 shares.
