JPMorgan Chase & Co. Increases Aramark (NYSE:ARMK) Price Target to $39.00

Aramark (NYSE:ARMK) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $35.00 to $39.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.62% from the company’s current price.

Several other research firms have also recently weighed in on ARMK. UBS Group upped their price target on shares of Aramark from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Royal Bank of Canada upped their price target on shares of Aramark from $33.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Aramark from a “hold” rating to a “buy” rating and upped their target price for the stock from $36.00 to $39.00 in a research report on Wednesday. Oppenheimer upped their target price on shares of Aramark from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Finally, Robert W. Baird upped their target price on shares of Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.70.

Aramark Stock Up 1.5 %

ARMK stock traded up $0.51 during mid-day trading on Wednesday, reaching $33.73. 1,328,228 shares of the company traded hands, compared to its average volume of 2,325,305. Aramark has a fifty-two week low of $23.95 and a fifty-two week high of $35.23. The firm’s 50 day moving average price is $33.21 and its 200 day moving average price is $31.96. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.77 and a beta of 1.59. The company has a quick ratio of 1.11, a current ratio of 1.25 and a debt-to-equity ratio of 2.03.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Aramark had a return on equity of 13.82% and a net margin of 3.43%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. Aramark’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts predict that Aramark will post 1.57 EPS for the current fiscal year.

Institutional Trading of Aramark

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new position in shares of Aramark during the 1st quarter worth about $25,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Aramark in the 4th quarter valued at about $28,000. Scarborough Advisors LLC purchased a new stake in Aramark in the 4th quarter valued at about $34,000. Twin Tree Management LP boosted its position in Aramark by 32.0% in the 1st quarter. Twin Tree Management LP now owns 1,424 shares of the company’s stock valued at $46,000 after buying an additional 345 shares during the period. Finally, Fifth Third Bancorp boosted its position in Aramark by 82.7% in the 4th quarter. Fifth Third Bancorp now owns 1,873 shares of the company’s stock valued at $53,000 after buying an additional 848 shares during the period.

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.