Aramark (ARMK) : 9 analysts are covering Aramark (ARMK) and their average rating on the stock is 1.22, which is read as a Strong Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Aramark (ARMK) : 7 investment research analysts covering Aramark (ARMK) have an average price target of $37.71 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $37 for the short term. Analysts expect the variance to be within $0.95 of the average price.
Aramark (NYSE:ARMK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.16 and $32.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.31, notching a gain of 0.33% for the day. The total traded volume was 1,165,665 . The stock had closed at $33.20 on the previous day.
Also, Nomura initiates coverage on Aramark (NYSE:ARMK) . The global brokerage major announces a current price target of $39 per share. Analysts at the Nomura have a current rating of Buy on the shares. The rating by the firm was issued on April 19, 2016. The company shares have rallied 7.17% from its 1 Year high price. On Dec 17, 2015, the shares registered one year high at $35.06 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $33.11 and the 200 Day Moving Average price is recorded at $32.56.
Aramark, formerly ARAMARK Holdings Corporation, is a global provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients. The Companys core market is North America. It serves students, patients, employees, sports fans and guests worldwide. It serves over 500 million meals annually to approximately five million students at colleges, universities, and K-12 schools, services over 2,000 healthcare facilities, caters to approximately 100 million sports fans, and operates in 22 countries in North America, Europe, Asia and South America, as of September 28, 2012. It operates in three reportable segments: food and Support Services North America, or FSS North America, Food and Support Services International, or FSS International, and Uniform and Career Apparel, or Uniform.