Aramark (NYSE:ARMK) Price Target Raised to $44.00

Aramark (NYSE:ARMK - Get Free Report) had its price objective upped by research analysts at UBS Group from $40.00 to $44.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price target indicates a potential upside of 14.64% from the company's previous close.

Other research analysts also recently issued reports about the stock. Citigroup assumed coverage on shares of Aramark in a research report on Monday, February 24th. They issued a "buy" rating and a $48.00 price target on the stock. Morgan Stanley raised their target price on shares of Aramark from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday. StockNews.com cut Aramark from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $47.00 price target on shares of Aramark in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Aramark Stock Down 0.1 %

Shares of ARMK stock traded down $0.02 during trading hours on Wednesday, hitting $38.38. 2,137,800 shares of the company were exchanged, compared to its average volume of 2,070,891. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 30.22 and a beta of 1.20. Aramark has a one year low of $29.92 and a one year high of $42.49. The business's 50-day simple moving average is $34.02 and its two-hundred day simple moving average is $36.90.

Aramark (NYSE:ARMK - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Aramark had a return on equity of 14.72% and a net margin of 1.94%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the business posted $0.30 EPS. Aramark's quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Aramark will post 1.92 EPS for the current fiscal year.

Institutional Trading of Aramark

A number of hedge funds and other institutional investors have recently made changes to their positions in ARMK. Deutsche Bank AG increased its stake in shares of Aramark by 352.3% during the first quarter. Deutsche Bank AG now owns 93,819 shares of the company's stock valued at $3,239,000 after acquiring an additional 73,075 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Aramark by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,768,526 shares of the company's stock valued at $61,050,000 after purchasing an additional 21,655 shares in the last quarter. Exencial Wealth Advisors LLC acquired a new position in shares of Aramark during the 1st quarter valued at $411,000. iA Global Asset Management Inc. raised its stake in shares of Aramark by 10.4% in the 1st quarter. iA Global Asset Management Inc. now owns 1,003,581 shares of the company's stock worth $34,644,000 after buying an additional 94,659 shares in the last quarter. Finally, Bank of Nova Scotia lifted its holdings in shares of Aramark by 399.1% in the first quarter. Bank of Nova Scotia now owns 473,000 shares of the company's stock valued at $16,328,000 after buying an additional 378,221 shares during the period.

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.