Aramark [ARMK] stock is trading at $37.64, up 10.06%. 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 gain 13.89% over the last week, with a monthly amount glided 20.03%, and 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.
Aramark [ARMK] stock has fluctuated between $29.82 and $42.49 over the past year. Currently, Wall Street analysts expect the stock to reach $43 within the next 12 months. Aramark [NYSE: ARMK] shares were valued at $37.64 at the most recent close of the market. An investor can expect a potential return of 14.24% based on the average ARMK price forecast.
Analyzing the ARMK fundamentals
Aramark [NYSE:ARMK] reported sales of 17.62B for the trailing twelve months, which represents a growth of 1.89%. Gross Profit Margin for this corporation currently stands at 0.06% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.02.
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 34.96 points at the first support level, and at 32.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.07, and for the 2nd resistance point, it is at 40.50.
Ratios To Look Out For
For context, Aramark’s Current Ratio is 1.21. Further, the Quick Ratio stands at 1.08, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 3.24 and price to earnings (TTM) ratio is 28.97.
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.
