Cintas (CTAS) Stock Rating Upgraded by BidaskClub

Cintas (NASDAQ:CTAS) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $168.00 price target for the company in a research report on Tuesday, October 10th. Royal Bank Of Canada restated a “hold” rating and issued a $145.00 price target on shares of Cintas in a research report on Monday, November 20th. Robert W. Baird restated an “outperform” rating and issued a $165.00 price target (up from $152.00) on shares of Cintas in a research report on Thursday, September 28th. Oppenheimer restated a “hold” rating on shares of Cintas in a research report on Wednesday, September 27th. Finally, Deutsche Bank restated a “hold” rating and issued a $140.00 price target (up from $130.00) on shares of Cintas in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Cintas presently has a consensus rating of “Hold” and an average price target of $144.67.

Cintas (NASDAQ:CTAS) opened at $158.71 on Tuesday. Cintas has a fifty-two week low of $112.96 and a fifty-two week high of $159.68. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.57. The firm has a market cap of $16,742.94, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.45 and a beta of 0.88.

Cintas (NASDAQ:CTAS) last posted its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.18. Cintas had a net margin of 9.79% and a return on equity of 23.71%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm posted $1.26 earnings per share. Cintas’s revenue for the quarter was up 27.2% compared to the same quarter last year. research analysts predict that Cintas will post 5.36 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. First Personal Financial Services lifted its position in shares of Cintas by 0.8% during the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after purchasing an additional 9 shares during the last quarter. QS Investors LLC lifted its position in shares of Cintas by 1.0% during the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Cintas by 0.3% during the second quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock worth $510,000 after purchasing an additional 11 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Cintas by 0.8% during the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the business services provider’s stock worth $198,000 after purchasing an additional 12 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Cintas by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,416 shares of the business services provider’s stock worth $809,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 66.85% of the company’s stock.

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Cintas 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.

Analyst Recommendations for Cintas (NASDAQ:CTAS)

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