Stifel Nicolaus Increases Aramark (NYSE:ARMK) Price Target to $45.00

Aramark (NYSE:ARMK) had its price target boosted by Stifel Nicolaus from $43.00 to $45.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 18.20% from the company’s current price.

Several other equities research analysts have also weighed in on ARMK. UBS Group lifted their price objective on Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Truist Financial boosted their target price on Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada raised Aramark from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $36.00 to $42.50 in a report on Tuesday, September 17th. Robert W. Baird raised their price objective on Aramark from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.23.

Aramark Price Performance

Shares of ARMK traded down $0.61 during trading hours on Tuesday, hitting $38.07. The stock had a trading volume of 1,089,751 shares, compared to its average volume of 2,215,314. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.96 and a quick ratio of 0.86. Aramark has a 52 week low of $25.92 and a 52 week high of $42.04. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 38.45 and a beta of 1.62. The company’s fifty day moving average is $38.15 and its two-hundred day moving average is $35.10.

Aramark (NYSE:ARMK) last posted 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. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. On average, analysts anticipate that Aramark will post 1.55 EPS for the current year.

Institutional Trading of Aramark

Institutional investors have recently modified their holdings of the company. Huntington National Bank raised its position in shares of Aramark by 100.3% in the third quarter. Huntington National Bank now owns 681 shares of the company’s stock valued at $26,000 after purchasing an additional 341 shares during the period. Capital Performance Advisors LLP acquired a new position in Aramark during the 3rd quarter valued at about $28,000. UMB Bank n.a. lifted its holdings in shares of Aramark by 360.1% in the third quarter. UMB Bank n.a. now owns 773 shares of the company’s stock valued at $30,000 after purchasing an additional 605 shares in the last quarter. Twin Tree Management LP increased its position in shares of Aramark by 32.0% during the first quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock valued at $46,000 after acquiring an additional 345 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Aramark in the third quarter worth $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.