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

Aramark (NYSE:ARMK - Get Free Report) had its target price increased by UBS Group from $40.00 to $44.00 in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective would indicate a potential upside of 12.79% from the company's previous close.

ARMK has been the topic of several other research reports. StockNews.com downgraded shares of Aramark from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $47.00 price target on shares of Aramark in a research note on Thursday, February 6th. Morgan Stanley lifted their price objective on Aramark from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Finally, Citigroup initiated coverage on Aramark in a report on Monday, February 24th. They issued a "buy" rating and a $48.00 price target for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.33.

Aramark Trading Up 1.7%

Shares of ARMK traded up $0.65 during midday trading on Wednesday, hitting $39.01. The stock had a trading volume of 799,318 shares, compared to its average volume of 2,061,220. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $42.49. The business has a 50-day simple moving average of $34.02 and a two-hundred day simple moving average of $36.88. The firm has a market cap of $10.22 billion, a P/E ratio of 30.71 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Aramark (NYSE:ARMK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The company's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that Aramark will post 1.92 EPS for the current year.

Institutional Investors Weigh In On Aramark

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Aramark by 57.6% in the 3rd quarter. Barclays PLC now owns 189,418 shares of the company's stock valued at $7,336,000 after buying an additional 69,223 shares in the last quarter. GAMMA Investing LLC grew its holdings in Aramark by 29.9% in the 4th quarter. GAMMA Investing LLC now owns 4,297 shares of the company's stock valued at $160,000 after buying an additional 990 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Aramark during the 4th quarter worth $284,000. Sendero Wealth Management LLC grew its holdings in shares of Aramark by 35.4% during the 4th quarter. Sendero Wealth Management LLC now owns 22,611 shares of the company's stock worth $844,000 after purchasing an additional 5,911 shares in the last quarter. Finally, Sarasin & Partners LLP grew its holdings in shares of Aramark by 15.9% during the 4th quarter. Sarasin & Partners LLP now owns 259,364 shares of the company's stock worth $9,677,000 after purchasing an additional 35,616 shares in the last quarter.

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.