Impact of Brokerage Rating on Aramark(ARMK)

Many Aramark(ARMK) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Aramark was Downgraded by Barclays on Jan 10, 2017 to Equal Weight, Lowers Price Target to $ 37 from a previous price target of $38 .

Company has reported several Insider transactions to the SEC, on Nov 21, 2016, Stephen I Sadove (director) purchased 7,500 shares at 33.53 per share price.On Nov 21, 2016, Eric J Foss (CEO) purchased 87,566 shares at 34.51 per share price.On Aug 19, 2016, Stephen R Reynolds (EVP, GC and Secretary) sold 56,709 shares at 36.97 per share price.

Aramark Last issued its quarterly earnings results on Feb 7, 2017. The company reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.53. The company had revenue of $3735.00 million for the quarter, compared to analysts expectations of $3722.37 million. The companys revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Aramark (NYSE:ARMK) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.33 by 6 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

Aramark (NYSE:ARMK): 6 analysts have set the short term price target of Aramark (NYSE:ARMK) at $41.17. The standard deviation of short term price target has been estimated at $2.48, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 44 and $37 respectively.

Aramark (NYSE:ARMK) rose 0.99% or 0.35 points on Tuesday and made its way into the gainers of the day. After trading began at $35.38 the stock was seen hitting $35.83 as a peak level and $35.21 as the lowest level. The stock ended up at $35.64. The daily volume was measured at 2,498,976 shares. The 52-week high of the share price is $38.3 and the 52-week low is $29.82. The company has a market cap of $8,778 million.

ARAMARK Holdings Corporation offers food services, facilities management, uniform and career apparel to health care institutions, universities, school districts, stadiums and businesses. It operates primarily in three segments: Food and Support Services North America, Food and Support Services International and Uniform and Career Apparel segment. The companys FSS North America and FSS International segment provides food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping. Uniform segment provides rental, sale, cleaning, maintenance and delivery of personalized uniform and career apparel and other textile items. It operates primarily in North America, United Kingdom, Germany, Chile and Ireland. ARAMARK Holdings Corporation is headquartered in Philadelphia, PA.


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