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

Aramark (NYSE:ARMK - Get Free Report) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $41.00 to $45.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 18.33% from the company's current price.

Several other brokerages have also weighed in on ARMK. Morgan Stanley increased their target price on Aramark from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Tuesday. The Goldman Sachs Group lifted their price target on shares of Aramark from $38.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. StockNews.com raised Aramark from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. UBS Group raised their target price on Aramark from $40.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Aramark from a "hold" rating to a "buy" rating and increased their price objective for the company from $36.00 to $39.00 in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.23.

Aramark Price Performance

ARMK stock traded down $0.65 during trading on Tuesday, hitting $38.03. The stock had a trading volume of 2,690,117 shares, compared to its average volume of 2,222,865. Aramark has a 1-year low of $25.92 and a 1-year high of $42.04. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 38.45 and a beta of 1.62. The company's 50 day moving average price is $38.15 and its two-hundred day moving average price is $35.10. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 0.96.

Aramark (NYSE:ARMK - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Aramark will post 1.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Huntington National Bank increased its holdings in Aramark by 100.3% in the third quarter. Huntington National Bank now owns 681 shares of the company's stock worth $26,000 after buying an additional 341 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Aramark in the third quarter worth $28,000. UMB Bank n.a. increased its position in Aramark by 360.1% during the third quarter. UMB Bank n.a. now owns 773 shares of the company's stock worth $30,000 after buying an additional 605 shares during the last quarter. Twin Tree Management LP lifted its position in shares of Aramark by 32.0% in the first quarter. Twin Tree Management LP now owns 1,424 shares of the company's stock worth $46,000 after buying an additional 345 shares during the last quarter. Finally, Friedenthal Financial bought a new position in shares of Aramark in the 3rd quarter valued at approximately $52,000.

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.