Cintas (NASDAQ:CTAS - Get Free Report) had its target price boosted by stock analysts at Morgan Stanley from $213.00 to $220.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the business services provider's stock. Morgan Stanley's target price indicates a potential downside of 0.60% from the company's current price.
Other analysts also recently issued research reports about the stock. Argus raised shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Bank of America initiated coverage on shares of Cintas in a research report on Thursday, April 10th. They issued a "buy" rating and a $250.00 price target for the company. Truist Financial lifted their price target on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 price objective (up from $215.00) on shares of Cintas in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Cintas currently has an average rating of "Hold" and a consensus price target of $224.54.
Read Our Latest Research Report on Cintas
Cintas Price Performance
Shares of CTAS stock traded down $0.62 on Friday, reaching $221.32. The company had a trading volume of 1,523,615 shares, compared to its average volume of 1,665,344. The stock has a market capitalization of $89.37 billion, a PE ratio of 50.19, a price-to-earnings-growth ratio of 3.50 and a beta of 1.05. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. Cintas has a one year low of $180.78 and a one year high of $229.24. The business's 50-day moving average is $220.99 and its 200 day moving average is $208.40.
Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The firm had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.99 earnings per share. Equities research analysts forecast that Cintas will post 4.31 EPS for the current fiscal year.
Hedge Funds Weigh In On Cintas
A number of hedge funds and other institutional investors have recently made changes to their positions in CTAS. Tilia Fiduciary Partners Inc. purchased a new stake in Cintas in the second quarter worth $217,000. QRG Capital Management Inc. grew its stake in Cintas by 8.7% in the second quarter. QRG Capital Management Inc. now owns 30,437 shares of the business services provider's stock worth $6,783,000 after purchasing an additional 2,430 shares during the period. Franklin Street Advisors Inc. NC grew its stake in Cintas by 23.0% in the second quarter. Franklin Street Advisors Inc. NC now owns 118,453 shares of the business services provider's stock worth $26,400,000 after purchasing an additional 22,188 shares during the period. Stock Yards Bank & Trust Co. grew its stake in Cintas by 66.3% in the second quarter. Stock Yards Bank & Trust Co. now owns 3,060 shares of the business services provider's stock worth $682,000 after purchasing an additional 1,220 shares during the period. Finally, Ascent Group LLC grew its stake in Cintas by 0.6% in the second quarter. Ascent Group LLC now owns 28,291 shares of the business services provider's stock worth $6,305,000 after purchasing an additional 165 shares during the period. Institutional investors own 63.46% of the company's stock.
About Cintas
(
Get Free Report)
Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. 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, as well as sells uniforms.
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