Zacks Investment Research downgraded Aramark (NYSE:ARMK) to Hold in a report released today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded Aramark (NYSE:ARMK) to Hold in a report released on Tuesday October 11, 2016.
Previously on 10/04/2016, Zacks Investment Research reported about Aramark (NYSE:ARMK) raised the target price from $0.00 to $43.00. At the time, this indicated a possible upside of 0.14%.
Yesterday Aramark (NYSE:ARMK) traded -0.95% lower at $36.54. The company’s 50-day moving average is $37.53 and its 200-day moving average is $35.00. The last stock close price is up 4.39% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,070,114 shares of the stock were exchanged, down from an average trading volume of 1,554,800
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Aramark has a price-earnings ratio of 34.80 with a one year low of $29.18 and a one year high of $38.30 ARMK’s total market value is presently $0.
A total of 12 equity analysts have released a ratings update on ARMK. Four brokerages rating the company a strong buy, five brokerages rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero firms rating the stock a sell with a consensus target price of $37.59.
About Aramark (NYSE:ARMK)
Aramark provides food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International) and Uniform and Career Apparel (Uniform). Its FSS North America segment and FSS International segment provides food, refreshment, specialized dietary and supports services, including facility maintenance and housekeeping, provided to business, educational and healthcare institutions and in sports, leisure and other facilities serving the public in the United States and Canada. Its Uniform segment provides rental, sale, cleaning, maintenance and delivery of personalized uniforms and other textile items on a contract basis and direct marketing of personalized uniforms and accessories to clients in a range of industries in the United States, Puerto Rico, Japan and Canada.
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