ARAMARK Holdings (ARMK) Gets a Buy Rating from Nomura


Nomura analyst Dan Dolev maintained a Buy rating on ARAMARK Holdings (ARMK) on February 8 and set a price target of $46. The company’s shares closed on Friday at $31.98.

According to TipRanks.com, Dolev is a 4-star analyst with an average return of 10.4% and a 57.3% success rate. Dolev covers the Services sector, focusing on stocks such as S&P Global Inc, Moody’s Corp, and Cintas Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ARAMARK Holdings with a $40 average price target, representing a 25.1% upside. In a report issued on February 6, Credit Suisse also maintained a Buy rating on the stock with a $44 price target.

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Based on ARAMARK Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $251 million. In comparison, last year the company had a net profit of $292 million.

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARMK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Aramark engages in the provision of food, facilities, and uniform services. It operates through the following business segments: Food and Support Services United States (FSS United States); Food and Support Services International (FSS International); and Uniform.

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