Aramark (NYSE:ARMK) Given New $40.00 Price Target at UBS Group

Aramark (NYSE:ARMK) had its price objective reduced by research analysts at UBS Group from $45.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 20.72% from the stock’s current price.

Other analysts also recently issued reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a $47.00 price target on shares of Aramark in a research report on Thursday, February 6th. Robert W. Baird lifted their price target on shares of Aramark from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Citigroup started coverage on shares of Aramark in a research report on Monday, February 24th. They issued a “buy” rating and a $48.00 price target for the company. Morgan Stanley increased their price target on shares of Aramark from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, StockNews.com downgraded Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.08.

Aramark Stock Performance

Shares of ARMK opened at $33.14 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.94. Aramark has a 1 year low of $29.82 and a 1 year high of $42.49. The firm has a fifty day moving average of $35.35 and a 200-day moving average of $37.53. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 26.09 and a beta of 1.37.

Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.61 billion. Aramark had a net margin of 1.94% and a return on equity of 14.72%. Aramark’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. As a group, equities analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Institutional Trading of Aramark

Large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Aramark in the third quarter valued at approximately $716,000. Franklin Resources Inc. boosted its position in Aramark by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 6,570,938 shares of the company’s stock valued at $254,427,000 after buying an additional 441,711 shares during the last quarter. Sarasin & Partners LLP increased its stake in shares of Aramark by 15.9% in the 4th quarter. Sarasin & Partners LLP now owns 259,364 shares of the company’s stock valued at $9,677,000 after buying an additional 35,616 shares during the period. Geode Capital Management LLC raised its position in shares of Aramark by 1.1% during the third quarter. Geode Capital Management LLC now owns 4,363,113 shares of the company’s stock worth $169,028,000 after acquiring an additional 45,384 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Aramark by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company’s stock valued at $37,000 after acquiring an additional 310 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.