RBC Capital Increases ARAMARK Holdings Corp Price Target to $32.00 (ARMK)
Analysts at RBC Capital lifted their price target on shares of ARAMARK Holdings Corp (NASDAQ:ARMK) from $31.00 to $32.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 18.96% from the company’s current price.
Shares of ARAMARK Holdings Corp (NASDAQ:ARMK) traded up 0.41% during mid-day trading on Tuesday, hitting $26.68. 90,158 shares of the company’s stock traded hands. ARAMARK Holdings Corp has a 52-week low of $20.10 and a 52-week high of $29.98. The stock has a 50-day moving average of $26.70 and a 200-day moving average of $27.14. The company has a market cap of $6.168 billion and a P/E ratio of 46.53.
ARAMARK Holdings Corp (NASDAQ:ARMK) last announced its earnings results on Monday, August 11th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $101.72 million. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that ARAMARK Holdings Corp will post $1.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, August 15th.
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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