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 4, which recommends a Sell 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) stock is expected to deviate a maximum of $0.95 from the average target price of $37.71 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $39 and the most muted being $37.
For the current week, the company shares have a recommendation consensus of Buy.
Aramark (NYSE:ARMK): The stock opened at $35.49 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.66 for the day. The stock traded down to $35.41 during the day, due to lack of any buying support eventually closed down at $35.52 with a loss of -0.25% for the day. The stock had closed at $35.61 on the previous day. The total traded volume was 1,315,593 shares.
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.