Aramark (ARMK) concluded trading on Thursday at a closing price of $40.42, with 3.33 million shares of worth about $134.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.87% during that period and on November 21, 2024 the price saw a gain of about 3.77%. Currently the company’s common shares owned by public are about 263.94M shares, out of which, 261.75M shares are available for trading.
Stock saw a price change of 4.50% in past 5 days and over the past one month there was a price change of 5.81%. Year-to-date (YTD), ARMK shares are showing a performance of 43.84% which increased to 44.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.58 but also hit the highest price of $42.04 during that period. The average intraday trading volume for Aramark shares is 2.00 million. The stock is currently trading 5.21% above its 20-day simple moving average (SMA20), while that difference is up 5.44% for SMA50 and it goes to 17.97% higher than SMA200.
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Aramark (NYSE: ARMK) currently have 263.94M outstanding shares and institutions hold larger chunk of about 97.51% of that.
The stock has a current market capitalization of $10.67B and its 3Y-monthly beta is at 1.62. PE ratio of stock for trailing 12 months is 41.06, while it has posted earnings per share of $0.98 in the same period. Its PEG reads 3.45 and has Quick Ratio of 0.72 while making debt-to-equity ratio of 1.83. 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 3.19% while standing at 2.67% over the month.
Analysts are in expectations that Aramark (ARMK) stock would likely to be making an EPS of 0.48 in the current quarter, while forecast for next quarter EPS is 0.37 and it is 2.29 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.45 which is 0.52 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 24.17% while it is estimated to increase by 19.35% in next year. EPS is likely to grow at an annualized rate of 11.90% for next 5-years, compared to annual growth of -11.14% 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.
