Goldman Sachs Group Inc. Initiates Coverage on ARAMARK Holdings Corp (ARMK)
Investment analysts at Goldman Sachs Group Inc. assumed coverage on shares of ARAMARK Holdings Corp (NASDAQ:ARMK) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
ARAMARK Holdings Corp (NASDAQ:ARMK) traded up 1.51% during mid-day trading on Tuesday, hitting $24.88. 626,608 shares of the company’s stock traded hands. ARAMARK Holdings Corp has a 1-year low of $20.10 and a 1-year high of $26.72. The stock has a 50-day moving average of $24.59 and a 200-day moving average of $24.59. The company has a market cap of $5.022 billion and a P/E ratio of 73.16.
A number of other firms have also recently commented on ARMK. Analysts at Robert W. Baird initiated coverage on shares of ARAMARK Holdings Corp in a research note to investors on Tuesday. They set an “outperform” rating and a $30.00 price target on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of ARAMARK Holdings Corp in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of ARAMARK Holdings Corp in a research note to investors on Tuesday. They set an “overweight” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $29.83.
ARAMARK Holdings Corporation is a global provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.