Aramark (NYSE:ARMK) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other research firms have also commented on ARMK. Sanford C. Bernstein began coverage on Aramark in a research report on Monday, September 17th. They set an “outperform” rating and a $52.00 price target on the stock. Morgan Stanley reaffirmed a “hold” rating and set a $45.00 price target (up previously from $44.00) on shares of Aramark in a research report on Thursday, September 13th. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Robert W. Baird lowered Aramark from an “outperform” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Wednesday, August 8th. Finally, Nomura boosted their target price on Aramark from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, September 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Aramark currently has a consensus rating of “Buy” and an average target price of $47.30.

ARMK traded up $0.98 during trading on Wednesday, hitting $36.92. 2,520,889 shares of the stock were exchanged, compared to its average volume of 1,749,973. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Aramark has a 1-year low of $33.98 and a 1-year high of $46.09. The company has a quick ratio of 1.03, a current ratio of 1.36 and a debt-to-equity ratio of 2.74.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, November 13th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.96 billion. Aramark had a return on equity of 18.15% and a net margin of 3.60%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities analysts expect that Aramark will post 2.37 EPS for the current fiscal year.

In other news, EVP Stephen R. Reynolds sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $41.33, for a total value of $619,950.00. Following the transaction, the executive vice president now owns 47,058 shares of the company’s stock, valued at $1,944,907.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ARMK. Morgan Stanley boosted its position in Aramark by 74.4% during the third quarter. Morgan Stanley now owns 848,166 shares of the company’s stock worth $36,488,000 after purchasing an additional 361,697 shares in the last quarter. Legal & General Group Plc boosted its position in Aramark by 2.1% during the third quarter. Legal & General Group Plc now owns 1,140,938 shares of the company’s stock worth $49,084,000 after purchasing an additional 23,514 shares in the last quarter. Captrust Financial Advisors boosted its position in Aramark by 236.4% during the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock worth $190,000 after purchasing an additional 3,101 shares in the last quarter. Man Group plc boosted its position in Aramark by 175.7% during the third quarter. Man Group plc now owns 102,149 shares of the company’s stock worth $4,394,000 after purchasing an additional 65,100 shares in the last quarter. Finally, Veritable L.P. purchased a new stake in Aramark during the third quarter worth $294,000.

About Aramark

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.

See Also: Depreciation

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Aramark (NYSE:ARMK)

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.