What Made Berenberg Bank Upgrade ARAMARK Holdings’ Stock?


Berenberg Bank analyst Stuart Gordon upgraded ARAMARK Holdings (ARMK) to Hold today and set a price target of $36.00. The company’s shares closed last Wednesday at $36.27.

According to TipRanks.com, Gordon is a 4-star analyst with an average return of 11.3% and a 60.0% success rate. Gordon covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Royal Caribbean, and Carnival.

Currently, the analyst consensus on ARAMARK Holdings is a Moderate Buy with an average price target of $41.33.

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Based on ARAMARK Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.82 billion and GAAP net loss of $77.58 million. In comparison, last year the company earned revenue of $3.73 billion and had a GAAP net loss of $202 million.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.

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