ARAMARK Holdings Corp Hits New 52-Week High at $29.71 (ARMK)
Shares of ARAMARK Holdings Corp (NASDAQ:ARMK) hit a new 52-week high during mid-day trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $29.71 and last traded at $26.20, with a volume of 2,074,419 shares trading hands. The stock had previously closed at $24.99.
A number of research firms have recently commented on ARMK. Analysts at Bank of America Corp. initiated coverage on shares of ARAMARK Holdings Corp in a research note to investors on Tuesday, January 21st. They set a “buy” rating on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of ARAMARK Holdings Corp in a research note to investors on Tuesday, January 21st. They set an “overweight” rating and a $29.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of ARAMARK Holdings Corp in a research note to investors on Tuesday, January 21st. They set an “overweight” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $29.83.
ARAMARK Holdings Corp has a 52-week low of $20.10 and a 52-week high of $26.72. The stock’s 50-day moving average is $24.69 and its 200-day moving average is $24.58.
ARAMARK Holdings Corp (NASDAQ:ARMK) last released its earnings data on Wednesday, February 5th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.09. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.70 billion. ARAMARK Holdings Corp’s revenue was up 6.4% compared to the same quarter last year.
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.
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