Aramark (NYSE:ARMK) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Aramark (NYSE:ARMK) had its price objective boosted by stock analysts at Stifel Nicolaus from $43.00 to $45.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 15.09% from the company’s current price.

Several other research analysts have also recently commented on the stock. Royal Bank of Canada upgraded shares of Aramark from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $36.00 to $42.50 in a research report on Tuesday, September 17th. JPMorgan Chase & Co. raised their target price on Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday. Robert W. Baird boosted their price target on Aramark from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday. StockNews.com upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Truist Financial raised their target price on shares of Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.23.

Aramark Stock Up 2.8 %

ARMK stock opened at $39.10 on Tuesday. The company’s 50 day simple moving average is $38.24 and its 200-day simple moving average is $35.17. The firm has a market capitalization of $10.30 billion, a PE ratio of 39.49 and a beta of 1.62. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.86. Aramark has a 12 month low of $25.92 and a 12 month high of $42.04.

Aramark (NYSE:ARMK) last issued its earnings results on Monday, November 11th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. Equities analysts expect that Aramark will post 1.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Huntington National Bank lifted its position in shares of Aramark by 100.3% in the third quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after buying an additional 341 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Aramark in the third quarter worth $28,000. UMB Bank n.a. grew its stake in Aramark by 360.1% in the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company’s stock valued at $30,000 after buying an additional 605 shares during the last quarter. Twin Tree Management LP raised its holdings in Aramark by 32.0% in the 1st quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock worth $46,000 after acquiring an additional 345 shares during the period. Finally, Friedenthal Financial bought a new stake in Aramark during the third quarter valued at about $52,000.

Aramark Company Profile

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.