Aramark (NYSE:ARMK) PT Raised to $41.00 at The Goldman Sachs Group

Aramark (NYSE:ARMK) had its target price increased by research analysts at The Goldman Sachs Group from $38.00 to $41.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 5.07% from the company’s current price.

ARMK has been the topic of several other research reports. Bank of America lifted their price objective on shares of Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. UBS Group upped their price objective on Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Aramark from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised Aramark from a “hold” rating to a “buy” rating and upped their price target for the company from $36.00 to $39.00 in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded Aramark from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Aramark has an average rating of “Moderate Buy” and a consensus target price of $39.68.

Aramark Stock Performance

ARMK stock opened at $39.02 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 1.71. The firm has a market cap of $10.26 billion, a PE ratio of 16.39 and a beta of 1.62. The business has a 50 day moving average of $37.17 and a 200-day moving average of $34.27. Aramark has a 12-month low of $25.92 and a 12-month high of $39.87.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.31 billion. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. As a group, sell-side analysts expect that Aramark will post 1.55 earnings per share for the current year.

Institutional Investors Weigh In On Aramark

A number of institutional investors and hedge funds have recently made changes to their positions in ARMK. Vanguard Group Inc. increased its stake in Aramark by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 25,584,242 shares of the company’s stock worth $718,917,000 after acquiring an additional 139,693 shares during the last quarter. Capital International Investors increased its position in shares of Aramark by 0.4% in the first quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock worth $771,141,000 after purchasing an additional 98,506 shares during the last quarter. Farallon Capital Management LLC raised its stake in Aramark by 5.5% in the first quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock valued at $579,602,000 after purchasing an additional 923,683 shares in the last quarter. Janus Henderson Group PLC raised its stake in Aramark by 5.4% in the first quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock valued at $435,501,000 after purchasing an additional 681,735 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Aramark by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,731,963 shares of the company’s stock valued at $160,977,000 after purchasing an additional 720,738 shares during the last quarter.

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.