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Berenberg Bank Stick to Their Hold Rating for ARAMARK Holdings

Published 01/18/2021, 02:35 AM
Updated 01/18/2021, 02:35 AM


Berenberg Bank analyst Stuart Gordon maintained a Hold rating on ARAMARK Holdings (NYSE:ARMK) on Monday, setting a price target of $24, which is approximately 34.34% below the present share price of $36.55.

Gordon expects ARAMARK Holdings to post earnings per share (EPS) of -$0.59 for the first quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in ARAMARK Holdings, with an average price target of $34.
The analysts price targets range from a high of $40 to a low of $24.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.69 billion and a net profit of -$93.94 million. The company's market cap is $9.28 billion.

According to TipRanks.com, Berenberg Bank analyst Stuart Gordon is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.7% and a 62.83% success rate.

Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States); Food and Support Services International (FSS International); and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions. The FSS International segment covers food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping, provided to business, educational and healthcare institutions and in sports, leisure, and other facilities serving the general public. The Uniform segment comprises of rental, sale, cleaning, maintenance, and delivery of personalized uniforms and other textile items on a contract basis, and direct marketing of personalized uniforms, and accessories to clients. The company was founded in 1959 and is headquartered in Philadelphia, PA.

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