Aramark [NYSE: ARMK] stock went on a downward path that fall over -4.52% on Wednesday, amounting to a one-week price decrease of less than -10.01%. Over the last 12 months, ARMK stock dropped by -29.06%. The one-year Aramark stock forecast points to a potential upside of 16.06. The average equity rating for ARMK stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.00 billion, with 252.35 million shares outstanding and 249.49 million shares in the current float. Compared to the average trading volume of 4.31M shares, ARMK stock reached a trading volume of 2639217 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Aramark [ARMK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARMK shares is $29.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARMK stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Aramark shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 10, 2020. The new note on the price target was released on March 23, 2020, representing the official price target for Aramark stock. Previously, the target price had yet another raise to $39, while Citigroup analysts kept a Sell rating on ARMK stock. On January 17, 2020, analysts increased their price target for ARMK shares from 37 to 43.
The Average True Range (ATR) for Aramark is set at 2.01, with the Price to Sales ratio for ARMK stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 1.97, with the Price to Cash per share for the same quarter was set at 4.96. Price to Free Cash Flow for ARMK in the course of the last twelve months was 28.89 with Quick ratio for the last quarter at 1.40.
ARMK Stock Performance Analysis:
Aramark [ARMK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.01. With this latest performance, ARMK shares dropped by -3.44% in over the last four-week period, additionally sinking by -43.47% over the last 6 months – not to mention a drop of -29.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARMK stock in for the last two-week period is set at 46.74, with the RSI for the last a single of trading hit 41.49, and the three-weeks RSI is set at 47.02 for Aramark [ARMK]. The present Moving Average for the last 50 days of trading for this stock 25.01, while it was recorded at 25.08 for the last single week of trading, and 36.09 for the last 200 days.
Insight into Aramark Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Aramark [ARMK] shares currently have an operating margin of +4.85 and a Gross Margin at +7.06. Aramark’s Net Margin is presently recorded at +2.76.
Return on Total Capital for ARMK is now 7.76, given the latest momentum, and Return on Invested Capital for the company is 4.45. Return on Equity for this stock inclined to 14.13, with Return on Assets sitting at 3.27. When it comes to the capital structure of this company, Aramark [ARMK] has a Total Debt to Total Equity ratio set at 201.27. Additionally, ARMK Total Debt to Total Capital is recorded at 66.81, with Total Debt to Total Assets ending up at 48.65. Long-Term Debt to Equity for the company is recorded at 199.16, with the Long-Term Debt to Total Capital now at 66.11.
Reflecting on the efficiency of the workforce at the company, Aramark [ARMK] managed to generate an average of $1,582 per employee. Receivables Turnover for the company is 8.92 with a Total Asset Turnover recorded at a value of 1.18.Aramark’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.60.
ARMK Stock EPS
With the latest financial reports released by the company, Aramark posted 0.47/share EPS, while the average EPS was predicted by analysts to be reported at 0.45/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARMK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Aramark go to -7.70%.
Aramark [ARMK] Insider Position Details
There are presently around $6,526 million, or 88.86% of ARMK stock, in the hands of institutional investors. The top three institutional holders of ARMK stocks are: VANGUARD GROUP INC with ownership of 23,870,532, which is approximately 2.455% of the company’s market cap and around 0.40% of the total institutional ownership; ATLANTA CAPITAL MANAGEMENT CO L L C, holding 21,221,431 shares of the stock with an approximate value of $549.63 million in ARMK stocks shares; and ROYAL BANK OF CANADA, currently with $495.64 million in ARMK stock with ownership of nearly 63.05% of the company’s market capitalization.
Positions in Aramark stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 171 institutional holders increased their position in Aramark [NYSE:ARMK] by around 69,242,055 shares. Additionally, 207 investors decreased positions by around 65,124,102 shares, while 29 investors held positions by with 117,614,691 shares. The mentioned changes placed institutional holdings at 251,980,848 shares, according to the latest SEC report filing. ARMK stock had 60 new institutional investments in for a total of 23,596,910 shares, while 96 institutional investors sold positions of 15,208,470 shares during the same period.