Aramark (NYSE:ARMK) Price Target Cut to $33.00 by Analysts at Stifel Nicolaus

Aramark (NYSE:ARMK) had its target price trimmed by Stifel Nicolaus from $45.00 to $33.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently commented on ARMK. Morgan Stanley reduced their price target on shares of Aramark from $44.00 to $27.00 and set an equal weight rating for the company in a report on Monday, October 9th. Oppenheimer reduced their price objective on shares of Aramark from $50.00 to $28.00 and set an outperform rating for the company in a report on Thursday, October 5th. Sanford C. Bernstein reduced their price objective on shares of Aramark from $47.00 to $33.00 in a report on Thursday, October 5th. JPMorgan Chase & Co. reduced their price objective on shares of Aramark from $47.00 to $35.00 and set an overweight rating for the company in a report on Monday, October 16th. Finally, Royal Bank of Canada reduced their price objective on shares of Aramark from $48.00 to $43.00 and set a sector perform rating for the company in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Aramark has an average rating of Moderate Buy and a consensus price target of $34.58.

Aramark Trading Up 0.1 %

ARMK opened at $28.02 on Tuesday. Aramark has a twelve month low of $23.95 and a twelve month high of $45.72. The company has a quick ratio of 1.09, a current ratio of 1.30 and a debt-to-equity ratio of 2.12. The company has a fifty day moving average of $31.06 and a 200-day moving average of $36.36. The stock has a market cap of $7.31 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 0.70 and a beta of 1.59.

Aramark (NYSE:ARMK) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.59 billion. Aramark had a net margin of 2.97% and a return on equity of 12.59%. Aramark’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 earnings per share. On average, sell-side analysts predict that Aramark will post 1.7 EPS for the current year.

Institutional Trading of Aramark

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Aramark by 102.9% in the first quarter. BlackRock Inc. now owns 24,774,397 shares of the company’s stock worth $886,923,000 after acquiring an additional 12,562,434 shares during the period. Vanguard Group Inc. raised its position in shares of Aramark by 1.3% in the third quarter. Vanguard Group Inc. now owns 23,758,699 shares of the company’s stock valued at $741,271,000 after purchasing an additional 302,698 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Aramark by 10.8% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,204,517 shares of the company’s stock valued at $472,722,000 after acquiring an additional 1,283,627 shares in the last quarter. Morgan Stanley grew its stake in Aramark by 1,042.8% during the fourth quarter. Morgan Stanley now owns 12,850,218 shares of the company’s stock valued at $531,228,000 after acquiring an additional 11,725,727 shares in the last quarter. Finally, Farallon Capital Management LLC grew its stake in Aramark by 3.8% during the first quarter. Farallon Capital Management LLC now owns 11,237,884 shares of the company’s stock valued at $402,316,000 after acquiring an additional 409,000 shares in the last quarter.

About Aramark

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.