Oppenheimer Maintains Their Buy Rating on ARAMARK Holdings (ARMK)

In a report released today, 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 Wednesday at $23.16.

According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 0.1% and a 50.5% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Madison Square Garden Sports, and Wyndham Hotels & Resorts.

ARAMARK Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $30.44.

See today’s analyst top recommended stocks >>

Based on ARAMARK Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.25 billion and net profit of $146 million. In comparison, last year the company earned revenue of $4.27 billion and had a net profit of $251 million.

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.

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.

Read More on ARMK:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts