Aramark (NYSE:ARMK) Price Target Increased to $43.00 by Analysts at Deutsche Bank Aktiengesellschaft

Aramark (NYSE:ARMKGet Rating) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $40.00 to $43.00 in a research report released on Wednesday morning, The Fly reports.

ARMK has been the topic of several other reports. StockNews.com initiated coverage on Aramark in a report on Wednesday, October 12th. They issued a hold rating on the stock. Royal Bank of Canada dropped their price objective on shares of Aramark from $41.00 to $38.00 and set a sector perform rating for the company in a research report on Thursday, October 13th. Jefferies Financial Group restated a hold rating and issued a $36.00 price objective on shares of Aramark in a research report on Tuesday, October 25th. Finally, Morgan Stanley boosted their price objective on shares of Aramark from $37.00 to $38.00 and gave the stock an equal weight rating in a research report on Tuesday, September 27th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Aramark presently has a consensus rating of Hold and a consensus price target of $42.00.

Aramark Stock Up 0.9 %

Shares of ARMK opened at $40.64 on Wednesday. The company has a market capitalization of $10.47 billion, a P/E ratio of 53.47, a PEG ratio of 0.77 and a beta of 1.66. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.25 and a quick ratio of 1.05. Aramark has a one year low of $28.74 and a one year high of $41.20. The business’s 50 day simple moving average is $35.58 and its 200-day simple moving average is $34.24.

Aramark (NYSE:ARMKGet Rating) last announced its earnings results on Tuesday, November 15th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.11 billion. Aramark had a return on equity of 10.70% and a net margin of 1.19%. Aramark’s revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. As a group, sell-side analysts predict that Aramark will post 1.9 EPS for the current fiscal year.

Aramark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, November 21st. Aramark’s payout ratio is 57.90%.

Institutional Trading of Aramark

Large investors have recently made changes to their positions in the company. IFM Investors Pty Ltd increased its position in shares of Aramark by 23.6% in the 1st quarter. IFM Investors Pty Ltd now owns 33,897 shares of the company’s stock valued at $1,275,000 after buying an additional 6,468 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Aramark by 20.8% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 135,688 shares of the company’s stock valued at $4,156,000 after buying an additional 23,404 shares in the last quarter. Capital Group Private Client Services Inc. bought a new stake in shares of Aramark in the 1st quarter valued at $10,984,000. Illinois Municipal Retirement Fund increased its position in shares of Aramark by 115.7% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 21,111 shares of the company’s stock valued at $647,000 after buying an additional 11,324 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Aramark by 1.0% in the 2nd quarter. Bank of Nova Scotia now owns 2,653,985 shares of the company’s stock valued at $81,292,000 after buying an additional 25,028 shares in the last quarter.

About Aramark

(Get Rating)

Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States), Food and Support Services International (FSS International), and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions.

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