Aramark (NYSE:ARMK) Given New $45.00 Price Target at JPMorgan Chase & Co.

Aramark (NYSE:ARMK) had its price target boosted by analysts at JPMorgan Chase & Co. from $41.00 to $45.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.09% from the company’s current price.

A number of other equities analysts have also issued reports on ARMK. The Goldman Sachs Group raised their target price on Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Truist Financial lifted their price objective on Aramark from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada upgraded Aramark from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $36.00 to $42.50 in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft upgraded Aramark from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $39.00 in a research note on Wednesday, August 7th. Finally, Robert W. Baird lifted their price objective on Aramark from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.23.

Aramark Stock Up 2.8 %

Aramark stock opened at $39.10 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.81 and a quick ratio of 0.86. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 39.49 and a beta of 1.62. Aramark has a 1-year low of $25.92 and a 1-year high of $42.04. The business has a fifty day moving average price of $38.24 and a 200-day moving average price of $35.17.

Aramark (NYSE:ARMK) last issued its earnings results on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.46 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Equities research analysts forecast that Aramark will post 1.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Aramark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank lifted its holdings in Aramark by 100.3% during 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 in the last quarter. Capital Performance Advisors LLP purchased a new position in Aramark during the third quarter valued at $28,000. UMB Bank n.a. lifted its holdings in Aramark by 360.1% during 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. Friedenthal Financial purchased a new position in Aramark during the third quarter valued at $52,000. Finally, Twin Tree Management LP lifted its holdings in 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 purchasing an additional 345 shares in the last quarter.

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.