ARAMARK Holdings Corp Upgraded by Zacks to Outperform (ARMK)
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.
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