Analyst Rating Update on Aramark (ARMK)

Aramark (NYSE:ARMK) : 9 analysts are covering Aramark (NYSE: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 (NYSE:ARMK) : 7 investment research analysts covering Aramark (NYSE: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.

For the current week, the company shares have a recommendation consensus of Buy. Also, Nomura initiates coverage on Aramark (NYSE:ARMK) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $39 per share. The rating by the firm was issued on April 19, 2016.

Aramark (NYSE:ARMK): stock turned positive on Tuesday. Though the stock opened at $31.87, the bulls momentum made the stock top out at $32.2 level for the day. The stock recorded a low of $31.82 and closed the trading day at $32.08, in the green by 1.39%. The total traded volume for the day was 1,607,524. The stock had closed at $31.64 in the previous days trading.

In an insider trading activity,The officer (EVP, Human Resources) of Aramark, Mckee Lynn sold 125,000 shares at $33.26 on June 1, 2016. The Insider selling transaction had a total value worth of $4,157,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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