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

Key Points

• JPMorgan raised Aramark’s price target from $55 to $70 and maintained an “overweight” rating, implying 15.37% upside from the prior close.
• Analyst sentiment is broadly positive: 12 analysts rate Aramark a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average target of $67.82.
• Aramark exceeded quarterly expectations, reporting $0.52 in EPS versus $0.48 expected and $5.06 billion in revenue, up 9.3% year over year.

Aramark (NYSE:ARMK - Get Free Report) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $55.00 to $70.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 15.37% from the company's previous close.

Several other research analysts have also recently weighed in on ARMK. Oppenheimer upped their price objective on shares of Aramark from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, June 29th. Truist Financial upped their price target on shares of Aramark from $58.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 27th. New Street Research set a $70.00 price target on shares of Aramark in a research report on Thursday. Bank of America raised their price target on shares of Aramark from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. Finally, Robert W. Baird upped their price objective on shares of Aramark from $63.00 to $69.00 and gave the company an "outperform" rating in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Aramark presently has an average rating of "Moderate Buy" and a consensus target price of $67.82.

Aramark Stock Performance

Shares of Aramark stock traded up $0.33 during trading hours on Thursday, hitting $60.67. 276,969 shares of the company's stock traded hands, compared to its average volume of 2,871,492. The company has a fifty day simple moving average of $55.97 and a 200-day simple moving average of $47.92. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.21 and a quick ratio of 1.07. Aramark has a 12-month low of $35.07 and a 12-month high of $61.52. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 1.14 and a beta of 1.12.

Aramark (NYSE:ARMK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The company had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.93%. Aramark's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities research analysts anticipate that Aramark will post 2.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Aramark

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new position in Aramark during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Aramark during the third quarter valued at approximately $28,000. Cedar Mountain Advisors LLC purchased a new position in shares of Aramark during the first quarter valued at approximately $32,000. Kestra Advisory Services LLC bought a new stake in shares of Aramark in the 4th quarter worth approximately $32,000. Finally, Elevation Wealth Partners LLC grew its stake in shares of Aramark by 2,842.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 618 shares of the company's stock worth $35,000 after buying an additional 597 shares during the last quarter.

Aramark Company Profile

Aramark NYSE: ARMK is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark's offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.

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