Morgan Stanley Maintains Their Hold Rating on ARAMARK Holdings (ARMK)
Morgan Stanley analyst Toni Kaplan maintained a Hold rating on ARAMARK Holdings (NYSE: ARMK) today and set a price target of $45. The company’s shares closed yesterday at $41.75.
According to TipRanks.com, Kaplan is a 2-star analyst with an average return of 2.4% and a 55.9% success rate. Kaplan covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Thomson Reuters Corp, and Factset Research.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ARAMARK Holdings with a $49 average price target.
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Based on ARAMARK Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $72.58 million. In comparison, last year the company had a net profit of $65.3 million.
Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock.
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Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services North America (FSS North America); Food and Support Services International (FSS International); and Uniform.