ARAMARK Holdings (ARMK) Gets a Buy Rating from Credit Suisse

Credit Suisse analyst Kevin Mcveigh maintained a Buy rating on ARAMARK Holdings (ARMK) yesterday and set a price target of $32.00. The company’s shares closed last Wednesday at $24.23.

According to, Mcveigh is a 3-star analyst with an average return of 1.1% and a 56.3% success rate. Mcveigh covers the Services sector, focusing on stocks such as Emerald Expositions Events, Heidrick & Struggles, and Target Hospitality.

ARAMARK Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $30.70, a 22.6% upside from current levels. In a report issued on April 22, Oppenheimer also maintained a Buy rating on the stock with a $30.00 price target.

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ARAMARK Holdings’ market cap is currently $6.36B and has a P/E ratio of 18.80. The company has a Price to Book ratio of -1.57.

Based on the recent corporate insider activity of 111 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.

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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 United States (FSS United States); Food and Support Services International (FSS International); and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions. The FSS International segment covers food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping, provided to business, educational and healthcare institutions and in sports, leisure, and other facilities serving the general public. The Uniform segment comprises of rental, sale, cleaning, maintenance, and delivery of personalized uniforms and other textile items on a contract basis, and direct marketing of personalized uniforms, and accessories to clients. The company was founded in 1959 and is headquartered in Philadelphia, PA.

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