Aramark Holdings Corporation (NYSE:ARMK) Has Just Had Its TP Heightened by Stock Analysts at Credit Suisse to $38.00


Stock Analysis:Aramark Holdings Corporation (NYSE:ARMK) Upside Target Change

In an analyst research report released by Credit Suisse on 2 December, Aramark Holdings Corporation (NYSE:ARMK) had its target PPS upgraded to $38.00. The firm right now has a solid Outperform rating on shares.

From a total of 9 analysts covering Aramark Holdings Corporation (NYSE:ARMK) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $40 while the lowest target price is $31.06. The mean of all analyst targets is $36.9 with a 10.05% above today’s ($33.62) stock price. Aramark Holdings Corporation was the topic of 5 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 6 with “Top Pick” rating. Credit Suisse initiated ARMK stock in a recent report from August 14 with “Outperform” rating.

Approximately 883,225 shares of stock traded hands. Aramark (NYSE:ARMK) has risen 6.68% since April 29, 2015 and is uptrending. It has outperformed by 6.88% the S&P500.

Aramark, formerly ARAMARK Holdings Corporation, is a global well-known provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients. The company has a market cap of $8.05 billion. The Company’s core market is North America. It has 35.06 P/E ratio. It serves students, patients, employees, sports fans and guests worldwide.

According to Zacks Investment Research, “ARAMARK Holdings Corporation offers food services, facilities management, uniform and career apparel to health care institutions, universities, school districts, stadiums and businesses. It operates primarily in three segments: Food and Support Services North America, Food and Support Services International and Uniform and Career Apparel segment. The company’s FSS North America and FSS International segment provides food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping. Uniform segment provides rental, sale, cleaning, maintenance and delivery of personalized uniform and career apparel and other textile items. It operates primarily in North America, United Kingdom, Germany, Chile and Ireland. ARAMARK Holdings Corporation is headquartered in Philadelphia, PA.” Get a free copy of the Zacks research report on Aramark (ARMK).