Aramark [NYSE: ARMK] closed the trading session at $31.96.
The stocks have a year to date performance of 13.74 percent and weekly performance of -4.05 percent. The stock has been moved at 13.62 percent over the last six months. The stock has performed -1.14 percent around the most recent 30 days and changed 4.21 percent over the most recent 3-months.
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If compared to the average trading volume of 2.57M shares, ARMK reached to a volume of 2470308 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $35.27 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 1.53. 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.
Goldman have made an estimate for Aramark shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 17, 2024. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on January 08, 2024, representing the official price target for Aramark stock. Previously, the target price had yet another drop from $44 to $29, while Jefferies kept a Buy rating on ARMK stock. On September 01, 2023, analysts increased their price target for ARMK shares from 45 to 47.
The Average True Range (ATR) for Aramark is set at 0.72, with the Price to Sales ratio for ARMK stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 2.91, with the Price to Cash per share for the same quarter was set at 2.00. Price to Free Cash Flow for ARMK in the course of the last twelve months was 51.94 with Quick ratio for the last quarter at 1.11.
ARMK stock trade performance evaluation
Aramark [ARMK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.05. With this latest performance, ARMK shares dropped by -1.14% in over the last four-week period, additionally plugging by 13.62% over the last 6 months – not to mention a rise of 14.75% 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 46.72, with the RSI for the last a single of trading hit 42.66, and the three-weeks RSI is set at 49.00 for Aramark [ARMK]. The present Moving Average for the last 50 days of trading for this stock 31.98, while it was recorded at 32.34 for the last single week of trading, and 28.95 for the last 200 days.
Aramark [ARMK]: An insightful look at the core fundamentals
Aramark’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.25.
Earnings per share (EPS) analysis for Aramark [ARMK] stock
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 12.00%.
Aramark [ARMK]: Institutional Ownership
The top three institutional holders of ARMK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ARMK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ARMK stock with ownership which is approximately 5.8386%.
