Citigroup Increases Aramark (NYSE:ARMK) Price Target to $49.00

Aramark (NYSE:ARMK) had its price target increased by equities researchers at Citigroup from $46.50 to $49.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 32.36% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus set a $44.00 price target on shares of Aramark in a report on Monday. Morgan Stanley decreased their target price on shares of Aramark from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday. Robert W. Baird decreased their price objective on Aramark from $47.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group dropped their target price on Aramark from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Finally, Baird R W raised Aramark from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.67.

Aramark Trading Up 0.9%

NYSE:ARMK traded up $0.34 during midday trading on Wednesday, hitting $37.02. 1,219,533 shares of the company traded hands, compared to its average volume of 2,131,197. The firm has a market capitalization of $9.73 billion, a P/E ratio of 27.42 and a beta of 1.24. Aramark has a 12-month low of $29.92 and a 12-month high of $44.49. The firm’s fifty day moving average is $38.45 and its 200-day moving average is $39.79. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.03.

Aramark (NYSE:ARMK) last released its earnings results on Monday, November 17th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Aramark had a return on equity of 15.67% and a net margin of 2.02%.The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Aramark has set its FY 2026 guidance at 2.180-2.28 EPS. On average, sell-side analysts predict that Aramark will post 1.92 EPS for the current year.

Institutional Trading of Aramark

Several large investors have recently added to or reduced their stakes in ARMK. Danica Pension Livsforsikringsaktieselskab acquired a new position in Aramark in the 3rd quarter valued at about $10,443,000. Danske Bank A S acquired a new stake in shares of Aramark during the third quarter worth about $61,000. Caitong International Asset Management Co. Ltd purchased a new position in Aramark in the 3rd quarter valued at approximately $28,000. Armistice Capital LLC purchased a new stake in Aramark during the 3rd quarter worth about $226,000. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Aramark by 0.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 210,893 shares of the company’s stock valued at $8,100,000 after acquiring an additional 1,832 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.