Shares of Cintas Co. (NASDAQ:CTAS) have been given a consensus recommendation of “Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $198.39.
A number of research firms recently issued reports on CTAS. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $248.00 target price for the company in a report on Thursday, May 16th. ValuEngine raised Cintas from a “hold” rating to a “buy” rating in a report on Monday, February 4th. BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. lifted their price target on Cintas from $210.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, Morgan Stanley lifted their price target on Cintas from $163.00 to $172.00 and gave the stock an “underweight” rating in a report on Friday, March 22nd.
In other Cintas news, Director Joseph Scaminace sold 6,255 shares of Cintas stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $222.20, for a total transaction of $1,389,861.00. Following the completion of the sale, the director now directly owns 7,973 shares of the company’s stock, valued at approximately $1,771,600.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas E. Frooman sold 2,415 shares of Cintas stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $207.81, for a total value of $501,861.15. Following the sale, the vice president now directly owns 122,251 shares of the company’s stock, valued at $25,404,980.31. The disclosure for this sale can be found here. 19.10% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Cintas during the fourth quarter worth about $25,000. Capital Financial Planning LLC acquired a new stake in shares of Cintas during the fourth quarter worth about $29,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Cintas during the first quarter worth about $36,000. CWM LLC increased its position in shares of Cintas by 52.4% during the first quarter. CWM LLC now owns 192 shares of the business services provider’s stock worth $39,000 after purchasing an additional 66 shares in the last quarter. Finally, Ameritas Investment Corp acquired a new stake in shares of Cintas during the first quarter worth about $42,000. Institutional investors and hedge funds own 67.40% of the company’s stock.
NASDAQ:CTAS opened at $222.50 on Monday. The firm has a market capitalization of $23.27 billion, a P/E ratio of 37.46, a P/E/G ratio of 2.50 and a beta of 1.08. Cintas has a 12-month low of $155.98 and a 12-month high of $227.64. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.80.
Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, March 21st. The business services provider reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.13. The firm had revenue of $1.68 million during the quarter, compared to analyst estimates of $1.69 billion. Cintas had a return on equity of 25.85% and a net margin of 12.44%. Cintas’s revenue was down 99.9% compared to the same quarter last year. During the same period last year, the business posted $1.37 earnings per share. Equities research analysts predict that Cintas will post 7.46 earnings per share for the current year.
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 and First Aid and Safety Services 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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