Cintas Corp. (NASDAQ:CTAS)‘s stock had its “overweight” rating restated by research analysts at Barclays PLC in a research note issued to investors on Friday. They presently have a $130.00 price objective on the stock. Barclays PLC’s price objective points to a potential upside of 16.74% from the stock’s current price.
Several other brokerages have also issued reports on CTAS. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Cintas Corp. in a report on Wednesday. Nomura reiterated a “buy” rating and set a $135.00 price target (up from $124.00) on shares of Cintas Corp. in a report on Thursday, August 25th. Macquarie began coverage on Cintas Corp. in a report on Thursday, August 25th. They set a “neutral” rating and a $130.00 price target for the company. Morgan Stanley set a $87.00 price target on Cintas Corp. and gave the company a “sell” rating in a report on Wednesday. Finally, Zacks Investment Research lowered Cintas Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Cintas Corp. presently has a consensus rating of “Hold” and a consensus price target of $116.10.
Shares of Cintas Corp. (NASDAQ:CTAS) traded up 0.88% during midday trading on Friday, reaching $112.34. 418,755 shares of the company were exchanged. Cintas Corp. has a 52-week low of $80.00 and a 52-week high of $119.94. The firm’s 50 day moving average is $114.37 and its 200-day moving average is $99.68. The company has a market capitalization of $11.79 billion, a PE ratio of 16.89 and a beta of 0.85.
Cintas Corp. (NASDAQ:CTAS) last released its earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The company had revenue of $1.29 billion for the quarter. During the same period last year, the firm earned $0.93 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that Cintas Corp. will post $4.56 earnings per share for the current fiscal year.
In other news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $108.12, for a total transaction of $216,240.00. Following the completion of the transaction, the director now directly owns 11,590 shares in the company, valued at $1,253,110.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 19.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CTAS. Quadrant Capital Group LLC raised its position in shares of Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock worth $106,000 after buying an additional 9 shares during the period. Checchi Capital Advisers LLC boosted its stake in Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock worth $135,000 after buying an additional 11 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Cintas Corp. by 1.1% in the second quarter. Suntrust Banks Inc. now owns 2,484 shares of the company’s stock worth $242,000 after buying an additional 26 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Cintas Corp. by 1.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,296 shares of the company’s stock worth $520,000 after buying an additional 50 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Cintas Corp. by 3.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,680 shares of the company’s stock worth $263,000 after buying an additional 90 shares in the last quarter. Institutional investors own 65.78% of the company’s stock.
Cintas Corp. Company Profile
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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