Aramark (NYSE:ARMK) Stock Rating Upgraded by Zacks Research

Aramark (NYSE:ARMK) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Several other brokerages have also recently commented on ARMK. UBS Group restated a “buy” rating on shares of Aramark in a research note on Tuesday, September 8th. New Street Research set a $70.00 target price on shares of Aramark in a report on Thursday, August 13th. Royal Bank Of Canada boosted their target price on shares of Aramark from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Citigroup increased their price target on Aramark from $70.50 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Oppenheimer boosted their price objective on Aramark from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and an average target price of $69.14.

Aramark Trading Up 0.5%

Aramark stock opened at $55.49 on Monday. Aramark has a one year low of $35.07 and a one year high of $62.65. The stock has a market cap of $14.63 billion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 0.80 and a beta of 1.12. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.14 and a current ratio of 1.28. The stock has a 50-day moving average of $57.39 and a two-hundred day moving average of $52.73.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Aramark had a net margin of 1.93% and a return on equity of 17.68%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. On average, research analysts anticipate that Aramark will post 2.27 EPS for the current fiscal year.

Institutional Trading of Aramark

Several institutional investors have recently modified their holdings of ARMK. BlackRock Inc. purchased a new stake in Aramark during the 2nd quarter valued at about $1,411,586,000. Jupiter Topco LLC purchased a new stake in shares of Aramark in the 2nd quarter valued at approximately $1,041,407,000. Milford Funds Ltd. purchased a new position in Aramark in the fourth quarter worth approximately $181,204,000. Bank of New York Mellon Corp acquired a new stake in shares of Aramark during the 2nd quarter worth about $140,853,000. Finally, Bank of America Corp DE acquired a new position in shares of Aramark in the 2nd quarter worth approximately $137,742,000.

Aramark Company Profile

Aramark (NYSE: ARMK) is a provider of food services and facilities management. The company serves businesses, universities, schools, hospitals, sports and entertainment venues, correctional facilities, and other organizations through on-site dining, catering, concessions, refreshment services, and related hospitality offerings.

Its facilities services include custodial services, building operations and maintenance, workplace support, and other services designed to help clients manage their physical environments.