Cintas (NASDAQ:CTAS) had its price objective upped by Morgan Stanley from $151.00 to $152.00 in a research note issued to investors on Friday. The firm presently has an “underweight” rating on the business services provider’s stock. Morgan Stanley’s price objective would suggest a potential downside of 6.81% from the stock’s current price.
A number of other equities analysts also recently weighed in on CTAS. Robert W. Baird restated a “buy” rating and set a $200.00 target price on shares of Cintas in a report on Friday. Stifel Nicolaus boosted their target price on shares of Cintas from $145.00 to $162.00 and gave the stock a “hold” rating in a report on Friday. JPMorgan Chase & Co. restated a “buy” rating and set a $188.00 target price (up from $183.00) on shares of Cintas in a report on Friday. Zacks Investment Research downgraded shares of Cintas from a “buy” rating to a “hold” rating in a report on Friday, March 9th. Finally, ValuEngine upgraded shares of Cintas from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $161.18.
Shares of Cintas (NASDAQ CTAS) opened at $163.11 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. The company has a market cap of $18,453.44, a price-to-earnings ratio of 32.49, a PEG ratio of 2.65 and a beta of 0.88. Cintas has a 1 year low of $119.54 and a 1 year high of $178.34.
Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, March 22nd. The business services provider reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.10. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 earnings per share. research analysts forecast that Cintas will post 5.45 EPS for the current year.
In other news, insider James Phillip Holloman sold 12,386 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $160.92, for a total value of $1,993,155.12. Following the completion of the sale, the insider now owns 141,328 shares of the company’s stock, valued at $22,742,501.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 18.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in Cintas during the third quarter worth about $61,754,000. Janney Montgomery Scott LLC lifted its position in Cintas by 23.6% during the third quarter. Janney Montgomery Scott LLC now owns 4,812 shares of the business services provider’s stock worth $694,000 after purchasing an additional 918 shares during the period. First Trust Advisors LP lifted its position in Cintas by 99.1% during the fourth quarter. First Trust Advisors LP now owns 299,909 shares of the business services provider’s stock worth $46,735,000 after purchasing an additional 149,251 shares during the period. Congress Asset Management Co. MA lifted its position in Cintas by 3.3% during the fourth quarter. Congress Asset Management Co. MA now owns 992,320 shares of the business services provider’s stock worth $154,633,000 after purchasing an additional 32,155 shares during the period. Finally, Invictus RG bought a new stake in Cintas during the third quarter worth about $621,000. 66.56% of the stock is owned by institutional investors.
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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.
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