Cintas Co. (CTAS) Given Consensus Rating of “Hold” by Brokerages

Cintas Co. (NASDAQ:CTAS) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $153.50.

A number of analysts have issued reports on CTAS shares. Zacks Investment Research downgraded Cintas from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Royal Bank of Canada reissued a “hold” rating and issued a $145.00 target price on shares of Cintas in a research report on Monday, November 20th. BidaskClub upgraded Cintas from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. KeyCorp reiterated an “overweight” rating and issued a $174.00 price target (up from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $183.00 price target on shares of Cintas in a research report on Friday, December 22nd.

In other news, insider James Phillip Holloman sold 12,386 shares of Cintas stock in a transaction on Friday, January 12th. The stock was sold at an average price of $160.92, for a total value of $1,993,155.12. Following the completion of the transaction, the insider now directly owns 141,328 shares in the company, valued at $22,742,501.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 18.90% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. grew its position in Cintas by 54.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,203 shares of the business services provider’s stock worth $343,000 after buying an additional 779 shares in the last quarter. Colonial Trust Advisors purchased a new position in Cintas during the fourth quarter worth about $343,000. Xact Kapitalforvaltning AB grew its position in Cintas by 7.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 16,435 shares of the business services provider’s stock worth $2,561,000 after buying an additional 1,185 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Cintas by 37.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 32,891 shares of the business services provider’s stock worth $5,125,000 after buying an additional 8,912 shares in the last quarter. Finally, We Are One Seven LLC purchased a new position in Cintas during the fourth quarter worth about $417,000. Institutional investors and hedge funds own 66.19% of the company’s stock.

Cintas (CTAS) traded up $2.91 during trading hours on Friday, reaching $169.99. The company’s stock had a trading volume of 475,786 shares, compared to its average volume of 618,654. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. Cintas has a twelve month low of $117.21 and a twelve month high of $170.13. The stock has a market capitalization of $17,792.15, a P/E ratio of 33.86, a P/E/G ratio of 2.56 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $1.59 billion. During the same period last year, the business posted $1.15 earnings per share. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. analysts forecast that Cintas will post 5.45 EPS for the current year.

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About Cintas

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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