Royal Bank Of Canada Issues Positive Forecast for Aramark (NYSE:ARMK) Stock Price

Aramark (NYSE:ARMK) had its price objective raised by investment analysts at Royal Bank Of Canada from $60.00 to $70.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 16.04% from the stock’s current price.

Other equities analysts have also issued reports about the company. Bank of America lifted their price objective on Aramark from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. increased their target price on shares of Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. New Street Research set a $70.00 price objective on shares of Aramark in a research note on Thursday, August 13th. Weiss Ratings cut shares of Aramark from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $74.00 target price on shares of Aramark in a research note on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.14.

Aramark Stock Performance

NYSE ARMK opened at $60.32 on Wednesday. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 1.10 and a beta of 1.12. The company has a quick ratio of 1.14, a current ratio of 1.28 and a debt-to-equity ratio of 1.80. Aramark has a twelve month low of $35.07 and a twelve month high of $62.65. The stock has a fifty day simple moving average of $56.62 and a 200 day simple moving average of $48.55.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the previous year, the business earned $0.40 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Sell-side analysts expect that Aramark will post 2.27 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Activest Wealth Management purchased a new stake in Aramark in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aramark in the 3rd quarter worth approximately $28,000. Cedar Mountain Advisors LLC purchased a new position in shares of Aramark in the 1st quarter worth approximately $32,000. Kestra Advisory Services LLC bought a new position in shares of Aramark in the fourth quarter valued at approximately $32,000. Finally, Elevation Wealth Partners LLC increased its position in shares of Aramark by 2,842.9% during the second quarter. Elevation Wealth Partners LLC now owns 618 shares of the company’s stock valued at $35,000 after acquiring an additional 597 shares during the last quarter.

About Aramark

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.