Cintas (NASDAQ:CTAS) had its price target upped by Stifel Nicolaus from $162.00 to $180.00 in a research note published on Friday. They currently have a hold rating on the business services provider’s stock.
CTAS has been the topic of a number of other reports. Morgan Stanley boosted their price objective on Cintas from $152.00 to $158.00 and gave the company a $192.53 rating in a research note on Wednesday. Zacks Investment Research upgraded Cintas from a hold rating to a buy rating and set a $202.00 price objective on the stock in a research note on Wednesday, May 30th. JPMorgan Chase & Co. boosted their price objective on Cintas from $183.00 to $188.00 and gave the company an overweight rating in a research note on Friday, March 23rd. ValuEngine lowered Cintas from a buy rating to a hold rating in a research note on Monday, April 2nd. Finally, Goldman Sachs Group started coverage on Cintas in a research note on Tuesday, March 27th. They set a conviction-buy rating and a $210.00 price objective on the stock. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Cintas presently has a consensus rating of Buy and a consensus target price of $182.20.
Get Cintas alerts:Shares of NASDAQ:CTAS traded up $9.89 during midday trading on Friday, reaching $203.57. 1,318,118 shares of the company traded hands, compared to its average volume of 416,456. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.86 and a current ratio of 2.16. Cintas has a 12 month low of $130.09 and a 12 month high of $204.27. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.29 and a beta of 0.91.
Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 19th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. Cintas had a return on equity of 24.81% and a net margin of 13.01%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities analysts predict that Cintas will post 7.04 EPS for the current fiscal year.
In related news, insider James Phillip Holloman sold 7,523 shares of the business’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $171.26, for a total transaction of $1,288,388.98. Following the completion of the transaction, the insider now directly owns 133,491 shares in the company, valued at $22,861,668.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas E. Frooman sold 11,500 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $175.96, for a total value of $2,023,540.00. Following the transaction, the vice president now owns 106,926 shares of the company’s stock, valued at $18,814,698.96. The disclosure for this sale can be found here. 18.90% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Asset Advisors Corp grew its position in Cintas by 0.7% during the second quarter. Asset Advisors Corp now owns 47,000 shares of the business services provider’s stock worth $8,698,000 after buying an additional 330 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in Cintas by 18,267.8% during the second quarter. Cornerstone Wealth Management LLC now owns 766,673 shares of the business services provider’s stock worth $4,064,000 after buying an additional 762,499 shares in the last quarter. Fred Alger Management Inc. grew its position in Cintas by 9.1% during the second quarter. Fred Alger Management Inc. now owns 658,357 shares of the business services provider’s stock worth $121,842,000 after buying an additional 55,186 shares in the last quarter. Amalgamated Bank grew its position in Cintas by 6.9% during the second quarter. Amalgamated Bank now owns 13,588 shares of the business services provider’s stock worth $2,515,000 after buying an additional 882 shares in the last quarter. Finally, Boston Advisors LLC grew its position in Cintas by 0.6% during the second quarter. Boston Advisors LLC now owns 172,678 shares of the business services provider’s stock worth $31,958,000 after buying an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 67.06% of the company’s stock.
Cintas Company Profile
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services; First Aid and Safety Services; and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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