Aramark (NYSE: ARMK) has a price-to-earnings ratio that is above its average at 29.23x. The stock has a 36-month beta value of 1.62. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ARMK is 261.73M, and at present, short sellers hold a 2.27% of that float. On October 29, 2024, the average trading volume of ARMK was 1.98M shares.
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ARMK) stock’s latest price update
The stock price of Aramark (NYSE: ARMK) has surged by 1.62 when compared to previous closing price of 37.60, but the company has seen a -3.49% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-10-21 that PHILADELPHIA–(BUSINESS WIRE)—- $ARMK–Aramark, (NYSE: ARMK), a global leader in food and facilities services, is proud to announce a new partnership with Asbury Communities, a national leader in senior living. This collaboration will bring Aramark’s SeniorLIFE+ dining services to five of Asbury’s continuing care retirement communities, elevating life experiences through dining and hospitality services. Aramark SeniorLIFE+ is dedicated to providing curated solutions for carefree senior living and will.
ARMK’s Market Performance
ARMK’s stock has fallen by -3.49% in the past week, with a monthly drop of -0.60% and a quarterly rise of 11.59%. The volatility ratio for the week is 1.84% while the volatility levels for the last 30 days are 1.73% for Aramark The simple moving average for the last 20 days is -0.42% for ARMK stock, with a simple moving average of 14.38% for the last 200 days.
Analysts’ Opinion of ARMK
Many brokerage firms have already submitted their reports for ARMK stocks, with RBC Capital Mkts repeating the rating for ARMK by listing it as a “Outperform.” The predicted price for ARMK in the upcoming period, according to RBC Capital Mkts is $42.50 based on the research report published on September 17, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ARMK reach a price target of $39, previously predicting the price at $36. The rating they have provided for ARMK stocks is “Buy” according to the report published on August 07th, 2024.
Goldman gave a rating of “Buy” to ARMK, setting the target price at $33 in the report published on January 17th of the current year.
ARMK Trading at 1.62% from the 50-Day Moving Average
After a stumble in the market that brought ARMK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.45% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -1.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.64% upper at present.
During the last 5 trading sessions, ARMK fell by -3.49%, which changed the moving average for the period of 200-days by +32.31% in comparison to the 20-day moving average, which settled at $38.37. In addition, Aramark saw 35.98% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARMK starting from Harrington Lauren A, who sale 13,384 shares at the price of $31.02 back on Mar 05 ’24. After this action, Harrington Lauren A now owns 95,284 shares of Aramark, valued at $415,208 using the latest closing price.
Harrington Lauren A, the SVP and General Counsel of Aramark, sale 4,274 shares at $27.33 during a trade that took place back on Dec 15 ’23, which means that Harrington Lauren A is holding 95,142 shares at $116,819 based on the most recent closing price.
Stock Fundamentals for ARMK
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.07 for the gross margin
The net margin for Aramark stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 10.64, with 2.47 for asset returns.
Based on Aramark (ARMK), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 2.05. The interest coverage ratio of the stock is 1.96.
Currently, EBITDA for the company is 1.41 billion with net debt to EBITDA at 4.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 8.13for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
To sum up, Aramark (ARMK) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
