In a report released yesterday, Seth Weber from RBC Capital maintained a Hold rating on ARAMARK Holdings (ARMK), with a price target of $26.00. The company’s shares closed last Thursday at $21.93.
According to TipRanks.com, Weber is a 5-star analyst with an average return of 14.0% and a 64.8% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Caterpillar, and Navistar.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ARAMARK Holdings with a $28.00 average price target, representing a 32.4% upside. In a report issued on August 4, Barclays also maintained a Hold rating on the stock with a $25.00 price target.
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ARAMARK Holdings’ market cap is currently $5.4B and has a P/E ratio of 49.80. The company has a Price to Book ratio of -1.34.
Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is neutral 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 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.
