Aramark (ARMK) concluded trading on Thursday at a closing price of $38.35, with 5.28 million shares of worth about $202.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.62% during that period and on September 26, 2024 the price saw a gain of about 2.93%. Currently the company’s common shares owned by public are about 263.45M shares, out of which, 261.74M shares are available for trading.
Stock saw a price change of -1.44% in past 5 days and over the past one month there was a price change of 7.60%. Year-to-date (YTD), ARMK shares are showing a performance of 36.48% which increased to 52.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.95 but also hit the highest price of $38.99 during that period. The average intraday trading volume for Aramark shares is 1.94 million. The stock is currently trading 2.58% above its 20-day simple moving average (SMA20), while that difference is up 7.78% for SMA50 and it goes to 19.12% higher than SMA200.
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Aramark (NYSE: ARMK) currently have 263.45M outstanding shares and institutions hold larger chunk of about 99.81% of that.
The stock has a current market capitalization of $10.10B and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 29.34, while it has posted earnings per share of $1.31 in the same period. Its PEG reads 2.47 and has Quick Ratio of 0.86 while making debt-to-equity ratio of 2.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARMK, volatility over the week remained 2.47% while standing at 2.23% over the month.
Stock’s fiscal year EPS is expected to drop by -8.99% while it is estimated to increase by 24.80% in next year. EPS is likely to grow at an annualized rate of 11.90% for next 5-years, compared to annual growth of 2.75% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on September 17, 2024 offering an Outperform rating for the stock and assigned a target price range of between $36 and $42.50 to it. Coverage by Deutsche Bank stated Aramark (ARMK) stock as a Buy in their note to investors on August 07, 2024, suggesting a price target of $39 for the stock. On January 17, 2024, Goldman Initiated their recommendations, while on January 08, 2024, Truist Initiated their ratings for the stock with a price target of $33. Stock get a Buy rating from Jefferies on October 09, 2023.
