Aramark (ARMK) : 8 analysts are covering Aramark (ARMK) and their average rating on the stock is 1.25, which is read as a Strong Buy. 7 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) : The most positive equity analysts on Aramark (ARMK) expects the shares to touch $44, whereas, the least positive believes that the stock will trade at $40 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $42.17 with an expected fluctuation of $1.33 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Macquarie initiates coverage on Aramark (NYSE:ARMK).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Macquarie announces the price target of $44 per share. The rating by the firm was issued on August 25, 2016.
Aramark (NYSE:ARMK): The stock opened at $38.2 and touched an intraday high of $38.23 on Wednesday. During the day, the stock corrected to an intraday low of $37.97, however, the bulls stepped in and pushed the price higher to close in the green at $38.21 with a gain of 0.45% for the day. The total traded volume for the day was 1,314,647. The stock had closed at $38.04 in the previous trading session.
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.