Aramark (NYSE:ARMK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Aramark (NYSE:ARMK) had its price objective raised by JPMorgan Chase & Co. from $41.00 to $45.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 15.09% from the stock’s previous close.

ARMK has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upgraded Aramark from a “hold” rating to a “buy” rating and increased their price target for the stock from $36.00 to $39.00 in a report on Wednesday, August 7th. Bank of America increased their price target on Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. The Goldman Sachs Group increased their price target on Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley increased their price target on Aramark from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, StockNews.com upgraded Aramark from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aramark presently has a consensus rating of “Moderate Buy” and an average target price of $42.23.

Aramark Trading Up 2.8 %

Shares of ARMK stock opened at $39.10 on Tuesday. Aramark has a 1 year low of $25.92 and a 1 year high of $42.04. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $38.24 and its two-hundred day simple moving average is $35.17. The company has a market cap of $10.30 billion, a PE ratio of 39.49 and a beta of 1.62.

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

Institutional Trading of Aramark

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital International Investors boosted its position in Aramark by 0.4% during the 1st quarter. Capital International Investors now owns 23,712,814 shares of the company’s stock valued at $771,141,000 after acquiring an additional 98,506 shares in the last quarter. Farallon Capital Management LLC boosted its position in Aramark by 5.5% during the 1st quarter. Farallon Capital Management LLC now owns 17,822,937 shares of the company’s stock valued at $579,602,000 after acquiring an additional 923,683 shares in the last quarter. Janus Henderson Group PLC boosted its position in Aramark by 5.4% during the 1st quarter. Janus Henderson Group PLC now owns 13,391,832 shares of the company’s stock valued at $435,501,000 after acquiring an additional 681,735 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Aramark by 70.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,329,917 shares of the company’s stock valued at $322,618,000 after acquiring an additional 3,430,131 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 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 acquiring an additional 720,738 shares in 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.