Cintas (NASDAQ:CTAS - Get Free Report) had its price objective raised by analysts at UBS Group from $240.00 to $255.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. UBS Group's target price would indicate a potential upside of 14.90% from the company's current price.
Several other equities research analysts have also issued reports on CTAS. 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 report on Thursday, March 27th. Morgan Stanley increased their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a report on Thursday, May 1st. JPMorgan Chase & Co. began coverage on Cintas in a research report on Monday, July 14th. They set an "overweight" rating and a $239.00 target price on the stock. Finally, Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Cintas has an average rating of "Hold" and an average target price of $224.54.
Read Our Latest Analysis on Cintas
Cintas Stock Performance
Cintas stock traded up $0.02 during midday trading on Friday, reaching $221.94. The stock had a trading volume of 2,528,220 shares, compared to its average volume of 1,665,913. The firm has a market capitalization of $89.62 billion, a PE ratio of 50.33, a P/E/G ratio of 3.54 and a beta of 1.05. The firm's 50-day moving average price is $220.99 and its 200 day moving average price is $208.21. The company has a quick ratio of 1.50, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. Cintas has a 12 month low of $180.78 and a 12 month high of $229.24.
Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the company posted $3.99 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts predict that Cintas will post 4.31 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cintas
A number of large investors have recently bought and sold shares of the business. Brighton Jones LLC raised its stake in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after buying an additional 108 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in Cintas by 0.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after purchasing an additional 3,504 shares during the period. Proficio Capital Partners LLC acquired a new stake in Cintas during the fourth quarter worth about $295,000. Harbour Investments Inc. boosted its holdings in Cintas by 17.1% during the fourth quarter. Harbour Investments Inc. now owns 492 shares of the business services provider's stock worth $90,000 after buying an additional 72 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in Cintas by 2.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 144,415 shares of the business services provider's stock worth $26,385,000 after purchasing an additional 3,383 shares during the period. Institutional investors and hedge funds 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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