Citigroup Reaffirms Buy Rating on Aramark with $70.5 Target
Citigroup has reiterated its buy rating for Aramark, setting a target price of $70.5, a 30.73% upside from the current price.
Key Points
- Citigroup reiterated its buy rating on Aramark (NYSE:ARMK) with a target price of $70.5 on June 22, 2026.
- Citigroup's $70.50 price target implies 30.73% upside from Aramark's ($ARMK) current $53.93 share price.
- Aramark shares traded near $53.33 on Monday, with a market cap of about $14.02 billion and a P/E ratio of 39.8.
- Insiders, including CEO John Zillmer, purchased shares in early June, and analysts maintain a strong buy consensus.
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On June 22, 2026, Citigroup reiterated its buy rating on Aramark (NYSE:ARMK), setting a price target of $70.5. This reaffirmation came as Aramark's shares traded near $53.33 on Monday.
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Aramark Stock Down 7.3%
Shares of NYSE:ARMK traded close to $53.33 on Monday. Aramark, with a market cap of about $14.02 billion, sports a P/E ratio of 39.8 and a forward P/E of 19.9. The stock has seen a 52-week range from $35.07 to $54.93, with a 50-day moving average of $49.24 and a 200-day moving average of $41.49. The company maintains a current ratio of 1.21 and a quick ratio of 0.96, with a debt-to-equity ratio of 192.2.
$ARMK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Aramark reported revenue of approximately $19.41 billion, reflecting a growth of 14.7%. The company's net margin stood at 1.8%, while return on equity was 11.2%. Earnings per share came in at $1.34. Aramark's next earnings report is expected on August 11, 2026.
Dividend
Aramark offers an annual dividend rate of $0.48, yielding 0.9% with a payout ratio of 33.6%.
Insider Buying and Selling at Aramark
In early June, several insiders, including CEO John Zillmer, purchased shares of Aramark. John Zillmer bought 974 shares, while other executives such as COO Marc Bruno and EVP Lauren Harrington also made smaller purchases. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
On June 22, 2026, Citigroup maintained its buy rating on Aramark with a target price of $70.5. Previously, Oppenheimer also maintained a buy rating with a $60 target on June 11, 2026. B of A Securities and RBC Capital have also kept buy ratings with targets of $62 and $55, respectively. The consensus among analysts is a strong buy, with an average target price of $56.63 based on 16 analyst opinions.
About Aramark
Aramark, headquartered in Philadelphia, Pennsylvania, provides food and facilities services across various sectors including education, healthcare, and business. The company operates through its Food and Support Services segments in the U.S. and internationally. Aramark offers a range of services from dining and catering to facility management and support services. Founded in 1959, the company is led by CEO John J. Zillmer and employs over 278,000 people worldwide.
Bottom Line
Citigroup's reaffirmation of Aramark's buy rating underscores confidence in the company's growth potential. While the target price of $70.5 suggests room for appreciation, investors should note that analyst ratings are based on past performance and market conditions at the time of the report. As always, it's essential to consider the broader market context and Aramark's strategic direction when evaluating its stock.
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