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

Aramark (NYSE:ARMK - Get Free Report) had its price target dropped by equities researchers at UBS Group from $45.00 to $40.00 in a report issued 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 25.43% from the stock's previous close.

ARMK has been the subject of several other reports. Morgan Stanley upped their target price on Aramark from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Robert W. Baird raised their target price on Aramark from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Citigroup assumed coverage on Aramark in a research note on Monday, February 24th. They issued a "buy" rating and a $48.00 price target on the stock. StockNews.com downgraded Aramark from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $47.00 target price on shares of Aramark in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.08.

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Aramark Stock Performance

Shares of ARMK traded down $0.74 during trading hours on Friday, hitting $31.89. The stock had a trading volume of 789,293 shares, compared to its average volume of 2,088,979. The firm has a 50-day moving average price of $35.14 and a 200 day moving average price of $37.45. Aramark has a fifty-two week low of $29.82 and a fifty-two week high of $42.49. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 25.11 and a beta of 1.37. 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 (NYSE:ARMK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Aramark had a net margin of 1.94% and a return on equity of 14.72%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that Aramark will post 1.92 EPS for the current year.

Hedge Funds Weigh In On Aramark

Several hedge funds have recently added to or reduced their stakes in ARMK. Bessemer Group Inc. increased its stake in shares of Aramark by 93.0% during the 4th quarter. Bessemer Group Inc. now owns 770 shares of the company's stock worth $29,000 after purchasing an additional 371 shares in the last quarter. Jones Financial Companies Lllp increased its position in Aramark by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 988 shares of the company's stock worth $37,000 after buying an additional 310 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Aramark by 75.2% in the fourth quarter. UMB Bank n.a. now owns 1,354 shares of the company's stock worth $51,000 after acquiring an additional 581 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Aramark by 167.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,424 shares of the company's stock valued at $53,000 after acquiring an additional 891 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Aramark during the fourth quarter valued at $72,000.

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.