Aramark [NYSE: ARMK] gained 4.00% on the last trading session, reaching $39.02 price per share at the time. The company report on March 3, 2023 that Fair Isaac & Co. Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600.
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S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 20, to coincide with the quarterly rebalance. The changes are being made to ensure each index is more representative of its market capitalization range. The company moving to the S&P 500 is more representative of the large-cap market space. All companies moving to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies moving to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being discretionarily removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.
S&P MidCap 400 constituent Fair Isaac & Co Inc. (NYSE:FICO) will replace Lumen Technologies Inc. (NYSE:LUMN) in the S&P 500, and Lumen Technologies will replace Bed Bath & Beyond Inc (NASD:BBBY) in the S&P SmallCap 600. Valaris Limited (NYSE:VAL) will replace Fair Isaac & Co in the S&P MidCap 400.
Aramark represents 259.45 million in outstanding shares, while the company has a total market value of $10.07 billion with the latest information. ARMK stock price has been found in the range of $38.91 to $39.84.
If compared to the average trading volume of 2.69M shares, ARMK reached a trading volume of 8354920 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Aramark [ARMK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARMK shares is $44.61 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 2.50. 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.
Jefferies have made an estimate for Aramark shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 25, 2022. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on March 30, 2022, representing the official price target for Aramark stock. Previously, the target price had yet another raise to $44, while BofA Securities analysts kept a Buy rating on ARMK stock. On October 21, 2021, analysts increased their price target for ARMK shares from 36 to 40.
The Average True Range (ATR) for Aramark is set at 0.98, with the Price to Sales ratio for ARMK stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 3.22, with the Price to Cash per share for the same quarter was set at 1.18. Price to Free Cash Flow for ARMK in the course of the last twelve months was 167.88 with Quick ratio for the last quarter at 1.10.
Trading performance analysis for ARMK stock
Aramark [ARMK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.40. With this latest performance, ARMK shares dropped by -11.62% in over the last four-week period, additionally plugging by 10.19% over the last 6 months – not to mention a rise of 7.79% 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 47.46, with the RSI for the last a single of trading hit 55.95, and the three-weeks RSI is set at 45.33 for Aramark [ARMK]. The present Moving Average for the last 50 days of trading for this stock 41.50, while it was recorded at 37.53 for the last single week of trading, and 36.82 for the last 200 days.
Aramark [ARMK]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Aramark [ARMK] shares currently have an operating margin of +3.99 and a Gross Margin at +6.48. Aramark’s Net Margin is presently recorded at +1.19.
Return on Equity for this stock inclined to 6.76, with Return on Assets sitting at 1.32.
Aramark’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.30.
Aramark [ARMK]: An earnings per share (EPS) analysis
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 31.80%.
An analysis of insider ownership at Aramark [ARMK]
There are presently around $11,270 million, in the hands of institutional investors. The top three institutional holders of ARMK stocks are: CAPITAL INTERNATIONAL INVESTORS with ownership of 26,238,987, which is approximately 32.127% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 24,287,684 shares of the stock with an approximate value of $947.71 million in ARMK stocks shares; and NOMURA HOLDINGS INC, currently with $733.02 million in ARMK stock with ownership of nearly 4.488% of the company’s market capitalization.
Positions in Aramark stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 176 institutional holders increased their position in Aramark [NYSE:ARMK] by around 43,654,642 shares. Additionally, 148 investors decreased positions by around 26,311,056 shares, while 43 investors held positions by with 218,862,939 shares. The mentioned changes placed institutional holdings at 288,828,637 shares, according to the latest SEC report filing. ARMK stock had 55 new institutional investments in for a total of 4,391,991 shares, while 38 institutional investors sold positions of 1,564,411 shares during the same period.