Analyst Price Target Update on Aramark (NYSE:ARMK)

Aramark (NYSE:ARMK): 7 Analyst have given the stock of Aramark (NYSE:ARMK) a near short term price target of $37.71. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $0.95. The higher price target estimate is at $39 while the lower price estimates are fixed at $37.

Many analysts have stated their opinion on the company shares. Nomura initiates coverage on Aramark (NYSE:ARMK). Nomura has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $39 per share. The rating by the firm was issued on April 19, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mckee Lynn, officer (EVP, Human Resources) of Aramark, had unloaded 125,000 shares at an average price of $33.26 in a transaction dated on June 1, 2016. The total value of the transaction was worth $4,157,500.

Aramark (NYSE:ARMK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.04 points or 0.12% at $33.63 with 1,733,948 shares getting traded. Post opening the session at $33.49, the shares hit an intraday low of $33.46 and an intraday high of $33.755 and the price was in this range throughout the day. The company has a market cap of $8,166 million and the number of outstanding shares have been calculated to be 242,825,330 shares. The 52-week high of Aramark (NYSE:ARMK) is $35.06 and the 52-week low is $28.09.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.