In a report released yesterday, Ian Zaffino from Oppenheimer maintained a Buy rating on ARAMARK Holdings (ARMK), with a price target of $30.00. The company’s shares closed last Friday at $24.56.
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 0.3% and a 49.6% success rate. Zaffino covers the Services sector, focusing on stocks such as Madison Square Garden Entertainment, Servicemaster Global Holdings, and Madison Square Garden Sports.
Currently, the analyst consensus on ARAMARK Holdings is a Moderate Buy with an average price target of $30.70.
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ARAMARK Holdings’ market cap is currently $6.2B and has a P/E ratio of 55.80. The company has a Price to Book ratio of -1.50.
Based on the recent corporate insider activity of 112 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 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.