Aramark [NYSE: ARMK] surged by $1.47 during the normal trading session on while it closed the day at $40.42.
Aramark stock has also gained 4.50% of its value over the past 7 days. However, ARMK stock has inclined by 13.67% in the 3 months of the year. Over the past six months meanwhile, it has gained 27.87% and gained 43.84% year-on date.
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The market cap for ARMK stock reached $10.67 billion, with 263.94 million shares outstanding and 261.75 million shares in the current float. Compared to the average trading volume of 2.00M shares, ARMK reached a trading volume of 3332869 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 $43.96 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.
RBC Capital Mkts have made an estimate for Aramark shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 17, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $36 to $39. The new note on the price target was released on August 07, 2024, representing the official price target for Aramark stock. Previously, the target price had yet another raise to $33, while Goldman analysts kept a Buy rating on ARMK stock.
The Average True Range (ATR) for Aramark is set at 1.07, with the Price to Sales ratio for ARMK stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 3.51, with the Price to Cash per share for the same quarter was set at 2.94. Price to Free Cash Flow for ARMK in the course of the last twelve months was 35.67 with Quick ratio for the last quarter at 0.72.
ARMK stock trade performance evaluation
Aramark [ARMK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.50. With this latest performance, ARMK shares gained by 5.81% in over the last four-week period, additionally plugging by 27.87% over the last 6 months – not to mention a rise of 44.98% 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 62.70, with the RSI for the last a single of trading hit 67.01, and the three-weeks RSI is set at 60.49 for Aramark [ARMK]. The present Moving Average for the last 50 days of trading for this stock 38.34, while it was recorded at 38.33 for the last single week of trading, and 34.26 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 0.72 and a Current Ratio set at 0.81.
Earnings per share (EPS) analysis for Aramark [ARMK] stock
With the latest financial reports released by the company, Aramark posted 0.41/share EPS, while the average EPS was predicted by analysts to be reported at 0.36/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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 11.90%.
Aramark [ARMK]: Institutional Ownership
There are presently around $97.40%, or 97.98%% of ARMK stock, in the hands of institutional investors. The top three institutional holders of ARMK stocks are: VANGUARD GROUP INC with ownership of 25.35 million shares, which is approximately 9.6452%. BLACKROCK INC., holding 22.4 million shares of the stock with an approximate value of $$761.94 million in ARMK stocks shares; and BLACKROCK INC., currently with $$753.55 million in ARMK stock with ownership which is approximately 8.4279%.
