Cintas (NASDAQ:CTAS)‘s stock had its “overweight” rating reiterated by equities researchers at KeyCorp in a report issued on Tuesday, December 19th, The Fly reports. They presently have a $174.00 price target on the business services provider’s stock, up from their previous price target of $148.00. KeyCorp’s price objective indicates a potential upside of 8.44% from the company’s previous close. KeyCorp also issued estimates for Cintas’ Q2 2018 earnings at $1.28 EPS.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Tuesday, October 10th. Robert W. Baird set a $152.00 target price on Cintas and gave the company a “buy” rating in a research report on Thursday, August 24th. BidaskClub upgraded Cintas from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus restated a “hold” rating and set a $138.00 target price (up previously from $136.00) on shares of Cintas in a research report on Wednesday, September 27th. Finally, Oppenheimer restated a “hold” rating on shares of Cintas in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $153.73.
Cintas (NASDAQ:CTAS) opened at $160.46 on Tuesday. Cintas has a 12-month low of $112.96 and a 12-month high of $163.45. The company has a market capitalization of $17,060.00, a PE ratio of 35.90, a P/E/G ratio of 2.48 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53.
Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.04. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. analysts expect that Cintas will post 5.44 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Cintas in the second quarter valued at approximately $120,000. Parallel Advisors LLC boosted its holdings in shares of Cintas by 4.4% in the second quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 38 shares during the period. QS Investors LLC boosted its holdings in shares of Cintas by 1.0% in the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 10 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in shares of Cintas by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 33 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its holdings in shares of Cintas by 4.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 66.65% of the company’s stock.
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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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