Truist Financial Issues Positive Forecast for Aramark (NYSE:ARMK) Stock Price

Aramark (NYSE:ARMK) had its target price boosted by equities researchers at Truist Financial from $46.00 to $50.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 27.56% from the company’s previous close.

ARMK has been the topic of a number of other research reports. Citigroup upped their price target on shares of Aramark from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America initiated coverage on shares of Aramark in a research report on Tuesday. They set a “buy” rating and a $50.00 price target for the company. Morgan Stanley set a $45.00 price objective on Aramark in a research report on Tuesday, February 10th. Robert W. Baird set a $50.00 target price on Aramark in a report on Wednesday, February 11th. Finally, Stifel Nicolaus increased their price objective on Aramark from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.38.

Aramark Stock Performance

Shares of ARMK stock traded up $0.22 during trading on Tuesday, hitting $39.20. The company’s stock had a trading volume of 167,779 shares, compared to its average volume of 3,660,196. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 1.94. The company has a market cap of $10.30 billion, a PE ratio of 33.00, a P/E/G ratio of 1.07 and a beta of 1.09. The business has a fifty day moving average of $38.39 and a 200-day moving average of $38.55. Aramark has a 52 week low of $29.92 and a 52 week high of $44.49.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.76 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, research analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Institutional Trading of Aramark

A number of hedge funds and other institutional investors have recently bought and sold shares of ARMK. Activest Wealth Management purchased a new stake in Aramark in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in Aramark in the 3rd quarter worth $28,000. Kestra Advisory Services LLC purchased a new stake in shares of Aramark in the 4th quarter worth about $32,000. Quarry LP bought a new stake in shares of Aramark during the 3rd quarter valued at about $35,000. Finally, Osterweis Capital Management Inc. bought a new position in Aramark in the second quarter worth about $40,000.

Aramark Company Profile

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.