Cintas (NASDAQ:CTAS) Receives Market Perform Rating from Oppenheimer

Cintas (NASDAQ:CTAS - Get Free Report)'s stock had its "market perform" rating reissued by equities research analysts at Oppenheimer in a report issued on Monday, Benzinga reports.

CTAS has been the topic of several other research reports. The Goldman Sachs Group lifted their price objective on Cintas from $673.00 to $765.00 and gave the company a "buy" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Cintas from $629.00 to $726.00 and gave the company a "hold" rating in a report on Thursday. Bank of America lifted their price objective on Cintas from $700.00 to $790.00 and gave the company a "buy" rating in a report on Thursday. Barclays lifted their price objective on Cintas from $630.00 to $700.00 and gave the company an "overweight" rating in a report on Thursday, February 29th. Finally, Truist Financial boosted their target price on Cintas from $660.00 to $775.00 and gave the company a "buy" rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $661.21.

Cintas Trading Down 0.9 %

Shares of Cintas stock traded down $6.49 during trading on Monday, hitting $680.54. 466,529 shares of the company were exchanged, compared to its average volume of 341,979. The firm has a market capitalization of $68.99 billion, a P/E ratio of 47.00, a price-to-earnings-growth ratio of 4.02 and a beta of 1.27. Cintas has a 1-year low of $438.59 and a 1-year high of $704.84. The firm's fifty day moving average price is $624.64 and its 200 day moving average price is $570.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.26. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.14 EPS. As a group, sell-side analysts expect that Cintas will post 14.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cintas

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Appleton Partners Inc. MA increased its holdings in shares of Cintas by 18.6% during the 1st quarter. Appleton Partners Inc. MA now owns 1,633 shares of the business services provider's stock worth $1,122,000 after acquiring an additional 256 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Cintas during the 4th quarter worth approximately $157,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Cintas by 81.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 320 shares of the business services provider's stock worth $193,000 after acquiring an additional 144 shares during the last quarter. Nomura Holdings Inc. increased its holdings in shares of Cintas by 26.4% during the 4th quarter. Nomura Holdings Inc. now owns 1,734 shares of the business services provider's stock worth $1,045,000 after acquiring an additional 362 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Cintas during the 4th quarter worth approximately $343,000. Institutional investors own 63.46% of the company's stock.

About Cintas

Cintas Corporation provides 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.