Robert W. Baird Boosts Aramark (NYSE:ARMK) Price Target to $44.00

Aramark (NYSE:ARMK) had its price objective raised by investment analysts at Robert W. Baird from $38.00 to $44.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 12.53% from the stock’s previous close.

ARMK has been the topic of a number of other reports. StockNews.com raised shares of Aramark from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. UBS Group lifted their target price on shares of Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised shares of Aramark from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $36.00 to $42.50 in a research note on Tuesday, September 17th. The Goldman Sachs Group boosted their price objective on shares of Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Aramark from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.23.

Aramark Stock Up 2.8 %

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

Aramark (NYSE:ARMK) last announced its earnings results on Monday, November 11th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. On average, equities analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Aramark

Institutional investors have recently made changes to their positions in the stock. Huntington National Bank boosted its position in shares of Aramark by 100.3% during the 3rd quarter. Huntington National Bank now owns 681 shares of the company’s stock worth $26,000 after purchasing an additional 341 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aramark in the 3rd quarter worth about $28,000. UMB Bank n.a. boosted its position in shares of Aramark by 360.1% in the 3rd quarter. UMB Bank n.a. now owns 773 shares of the company’s stock worth $30,000 after buying an additional 605 shares in the last quarter. Twin Tree Management LP boosted its position in shares of 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 buying an additional 345 shares in the last quarter. Finally, Friedenthal Financial purchased a new stake in shares of Aramark in the 3rd quarter worth about $52,000.

About Aramark

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.