Truist Financial Increases Aramark (NYSE:ARMK) Price Target to $50.00

Aramark (NYSE:ARMK) had its target price upped by stock analysts at Truist Financial from $46.00 to $50.00 in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 24.57% from the company’s previous close.

Several other research analysts have also commented on ARMK. Morgan Stanley set a $45.00 price target on Aramark in a report on Tuesday, February 10th. 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 objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Aramark in a report on Monday, December 29th. Citigroup increased their price target on shares of Aramark from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Robert W. Baird set a $50.00 price target on shares of Aramark in a research report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.38.

Aramark Stock Up 2.2%

ARMK stock opened at $40.14 on Tuesday. 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 firm has a 50-day moving average of $38.49 and a two-hundred day moving average of $38.53. Aramark has a 12 month low of $29.92 and a 12 month high of $44.49. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.08 and a beta of 1.09.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Aramark had a return on equity of 16.15% and a net margin of 1.69%.The business had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.76 billion. During the same period in the prior year, the business earned $0.51 earnings per share. The business’s 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, analysts forecast that Aramark will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aramark

A number of institutional investors have recently modified their holdings of ARMK. Activest Wealth Management acquired a new position in Aramark during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aramark during the third quarter worth about $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Aramark during the fourth quarter worth about $32,000. Quarry LP purchased a new position in shares of Aramark in the third quarter valued at approximately $35,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Aramark in the second quarter valued at approximately $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.