Share on StockTwits

ARAMARK Holdings Corp (NASDAQ:ARMK) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Monday. The firm currently has a $30.60 price target on the stock. Zacks‘s price target would suggest a potential upside of 15.47% from the company’s current price.

Separately, analysts at RBC Capital raised their price target on shares of ARAMARK Holdings Corp from $31.00 to $32.00 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. ARAMARK Holdings Corp currently has a consensus rating of “Buy” and an average price target of $30.70.

Shares of ARAMARK Holdings Corp (NASDAQ:ARMK) traded down 0.11% during mid-day trading on Monday, hitting $26.47. 295,473 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’s 50-day moving average is $26.82 and its 200-day moving average is $27.17. The company has a market cap of $6.170 billion and a P/E ratio of 42.00.

ARAMARK Holdings Corp (NASDAQ:ARMK) last announced its earnings results on Monday, August 11th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ 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. ARAMARK Holdings Corp’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that ARAMARK Holdings Corp will post $1.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors 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 1.13%. 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.

To view Zacks’ full report, visit Zacks’ official website.

Receive News & Ratings for ARAMARK Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARAMARK Holdings Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.