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Stock Charts AI Power Rank: 9.2
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Aramark Holdings (ARMK)
Industry: Specialty Business Services
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, ARMK has been trading in a range between $34.07 and $32.37 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
ARMK is trading below resistance at $34.07, about 1% to the upside. There is support at $32.55 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Aramark Holdings $ARMK entered a Green zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $32.75, a potential down side of -2.67% from the recent price of 33.65. The stock is trading 2.14% (potential upside) below its 52 week high of $34.37 and 41.8 % (potential downside) above its 52 week low of $23.73 - based on the recent price.
Company Summary
Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.
News
| Aramark Named a “Best Place to Work for Disability Inclusion” PHILADELPHIA--(BUSINESS WIRE)---- $ARMK #AramarkBeWellDoWell--Aramark, a global leader in food and facilities management, proudly announced its recognition as a “Best Place to Work for Disability Inclusion” by Disability:IN. This prestigious accolade is a testament to Aramark's unwavering commitment to creating a welcoming and inclusive culture and recruiting and advancing a diverse workforce that includes people with disabilities. The Disability Equality Index® is the world's most comprehensive benchmarking tool for Fortune. Source: Business Wire Wed, 17 Jul 2024 07:30:00 -0400 Sentiment: Neutral |
| Aramark to Host Conference Call on Third Quarter Fiscal 2024 Results PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that it will host a conference call to review its third quarter fiscal 2024 results on Tuesday, August 6, 2024 at 8:30 a.m. ET. A news release containing the results will be issued before the call. The conference call will be broadcast live on the Aramark Investor Relations website. Those parties interested in participation via dial-in may register here. Once registration is complete. Source: Business Wire Tue, 16 Jul 2024 07:30:00 -0400 Sentiment: Neutral |
| Aramark: Visible Path To Both Revenue And EBIT Growth Aramark has strong growth potential supported by volume and pricing power. The company operates in the contract catering industry, competing with Sodexo and Compass, and serves a wide range of verticals globally. Based on historical and peer performance, ARMK should be able to expand its margin. Source: Seeking Alpha Sun, 30 Jun 2024 01:11:25 -0400 Sentiment: Positive |
| Aramark and Pringle Robotics Team up to Deploy Autonomous Floor Cleaning Robots Across the Company's Businesses PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--To improve efficiency and achieve superior cleaning results, Aramark, (NYSE: ARMK), a leading global provider of food and facilities services, with operations spanning the education, healthcare, business and industry, sports, leisure, and corrections industries is partnering with Pringle Robotics, a developer of autonomous robotic solutions for facilities management, to install floor cleaning robots and operational software solutions at key customer facilities, it. Source: Business Wire Thu, 06 Jun 2024 07:30:00 -0400 Sentiment: Neutral |
| Aramark to Participate in Upcoming Investor Conferences PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE:ARMK), a global leader in food and facilities management, announced that members of its executive management team are participating in the following upcoming investor conferences: Stifel Cross Sector Insight Conference (Boston, MA) – On Tuesday, June 4, 2024, Jim Tarangelo, Aramark's Chief Financial Officer, will host a series of meetings with investors. Baird Global Consumer, Technology & Services Conference (New York, NY) – On Thursday, June 6,. Source: Business Wire Tue, 28 May 2024 07:30:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 34.3689 52 Week Low: 23.7255 Beta: 1.645 50 Day MA: 33.0396 200 Day MA: 30.3096 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.044 Qtr Revenue Growth YOY: 0.072 Forward PE: 20.2429 Trailing PE: 12.347