Aramark (NYSE:ARMK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Aramark (NYSE:ARMK) had its price objective increased by investment analysts at Robert W. Baird from $44.00 to $45.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price points to a potential upside of 12.02% from the stock’s previous close.

Several other brokerages also recently commented on ARMK. UBS Group upped their price objective on Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Stifel Nicolaus upped their price target on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley lifted their price objective on shares of Aramark from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada raised shares of Aramark from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $36.00 to $42.50 in a research note on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.59.

Aramark Trading Down 0.6 %

Shares of ARMK opened at $40.17 on Thursday. Aramark has a twelve month low of $27.05 and a twelve month high of $42.49. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.42. The company’s fifty day simple moving average is $39.22 and its 200-day simple moving average is $36.36. The company has a market cap of $10.60 billion, a P/E ratio of 40.58 and a beta of 1.63.

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

Institutional Investors Weigh In On Aramark

Several institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in Aramark by 6.0% during the 3rd quarter. Janus Henderson Group PLC now owns 15,714,443 shares of the company’s stock worth $608,619,000 after purchasing an additional 896,288 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Aramark by 70.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,329,917 shares of the company’s stock valued at $322,618,000 after purchasing an additional 3,430,131 shares during the period. Franklin Resources Inc. grew its position in Aramark by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company’s stock worth $254,427,000 after purchasing an additional 441,711 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Aramark by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock valued at $160,977,000 after buying an additional 720,738 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Aramark by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,363,113 shares of the company’s stock valued at $169,028,000 after buying an additional 45,384 shares during the period.

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.