Aramark (NYSE:ARMK) finished Friday with a subtraction of -$0.27 to close at $34.70, a downside of -0.77 percent. An average of 4,256,560 shares of common stock have been traded in the last five days. There was a fall of -$1.36 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 3,242,025 shares traded, while the 50-day average volume stands at 3,951,068.
ARMK stock has decreased by -8.54% in the last month. The company shares reached their 1-month lowest point of $34.52 on 09/27/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $30.72 and a high of $45.72 in 52 weeks. It has reached a new high 9 times so far this year and lost -16.06% or -$6.64 in price. In spite of this, the price is down -24.10% from the 52-week high.
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Insider Transactions
ARMK stock investors should be aware that Aramark (ARMK) stock had its last reported insider trading activity 291 days ago on Dec 13. In this transaction, the insider spent $1,308,490. SVP and General Counsel, Harrington Lauren A, disposed of 9,452 shares at a price of $42.48 on Dec 13. The insider now owns more than $401,521 worth of shares.
Valuation Metrics
Aramark (ARMK) has a trailing price-to-earnings (P/E) ratio of 16.71. The stock’s beta is 1.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.49, the price-to-book (PB) ratio at 2.55, and the price-to-cash flow ratio at 71.38.
The company has a payout ratio of 58.61%. The company’s most recent quarterly dividend payment was $0.11 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Wednesday November 14 2018.
Financial Health
The quick ratio of Aramark for the three months ended June 29 was 1.09, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.21 and a total debt to equity ratio of 2.26 for the quarter ending June 29. Its gross profit as reported stood at $1.56 billion compared to revenue of $16.33 billion.
Earnings Surprise
For the three-month period that ended June 29, Aramark had $7.54 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $338.48 million in the quarter, while revenues were grew 88.08%. The analyst consensus anticipated Aramark’s latest quarter earnings to come in at $0.34 per share, but it turned out to be $0.36, a 5.90% surprise. For the quarter, EBITDA amounted to $338.9 million. Shareholders own equity worth $261.05 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Aramark (ARMK) price momentum. RSI 9-day as of the close on 29 September was 30.87%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.41%.
As of today, ARMK’s price is $34.95 -3.77% or -$1.36 from its 5-day moving average. ARMK is currently trading -6.67% lower than its 20-day SMA and +1.49% higher than its 100-day SMA. However, the stock’s current price level is -18.81% below the SMA50 and -17.67% below the SMA200.
The stochastic %K and %D were 7.13% and 6.03%, respectively, and the average true range (ATR) was 0.83. With the 14-day stochastic at 4.69% and the average true range at 0.85, the RSI (14) stands at 34.48%. The stock has reached -1.08 on the 9-day MACD Oscillator while the 14-day reading was at -1.44.
Analyst Ratings
Citigroup upgraded Aramark (NYSE: ARMK) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Aramark (ARMK) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ARMK, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is ARMK’s price target for the next 12 months?
Analysts predict a range of price targets between $38.00 and $50.00, with a median target of $45.00. Taking a look at these predictions, the average price target given by analysts for Aramark (ARMK) stock is $45.60.
