Latest news with #SodexoSA
Business Insider
a day ago
- Business
- Business Insider
Sodexo SA (0J3F) Gets a Hold from Jefferies
Jefferies analyst Simon LeChipre maintained a Hold rating on Sodexo SA (0J3F – Research Report) yesterday and set a price target of €49.00. The company's shares closed yesterday at €51.90. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter LeChipre covers the Industrials sector, focusing on stocks such as Hays plc, PageGroup, and Elis SA. According to TipRanks, LeChipre has an average return of -0.5% and a 45.71% success rate on recommended stocks. In addition to Jefferies, Sodexo SA also received a Hold from Deutsche Bank 's Andre Juillard in a report issued on June 16. However, on June 12, UBS maintained a Buy rating on Sodexo SA (LSE: 0J3F).
Yahoo
21-03-2025
- Business
- Yahoo
Sodexo Drops After Guidance Cut on US University Business
(Bloomberg) -- Sodexo SA shares plunged the most in almost seven years after the French food services company lowered its revenue guidance, citing slower growth at its US university business. Amtrak CEO Departs Amid Threats of a Transit Funding Pullback New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style NYC Plans for Flood Protection Without Federal Funds A Malibu Model for Residents on the Fire Frontlines The stock dropped as much as 16% in Paris, the biggest intraday decline since March 2018. Rival catering companies also fell, with London-listed Compass Group Plc sliding as much as 4.1%. Sodexo's US university business has been hurt by a smaller number of first-year students in the Northeast region, Chief Executive Officer Sophie Bellon said on a conference call with journalists. It recently hired a new manager for the business, she said. Bellon also cited delays in certain contract start dates at its healthcare business, also in North America. Sodexo, based outside Paris, provides catering, facilities management and other services at schools, hospitals and government agencies globally. The company was founded in 1966 by Bellon's father, Pierre. It expects organic revenue growth of 3% to 4% for the financial year ending in August, down from its earlier forecast of 5.5% to 6.5%, the company said Thursday. It also cut its outlook for improvement in a key measure of profitability. --With assistance from Francois de Beaupuy and Blaise Robinson. (Updates with details on slowdown, wider industry reaction) Tesla's Gamble on MAGA Customers Won't Work A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers The Real Reason Trump Is Pushing 'Buy American' The Future of Higher Ed Is in Austin ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
20-03-2025
- Business
- Bloomberg
Sodexo Drops Most Since 2018 After Cutting Revenue Guidance
Sodexo SA shares fell by the most in almost seven years after the French food services company lowered its revenue guidance for the financial year. The stock dropped as much as 16% in early Paris trading, the biggest intraday decline since March 2018. The shares have fallen about 21% this year.
