Robert W. Baird set a $235.00 price target on Cintas (NASDAQ:CTAS) in a report issued on Tuesday. The brokerage currently has a buy rating on the business services provider’s stock.
Several other research analysts also recently commented on CTAS. Morgan Stanley raised their price target on shares of Cintas from $152.00 to $158.00 and gave the stock a $192.53 rating in a research note on Wednesday, July 18th. Stifel Nicolaus raised their price target on shares of Cintas from $162.00 to $180.00 and gave the stock a hold rating in a research note on Friday, July 20th. Barclays raised their price target on shares of Cintas from $200.00 to $210.00 and gave the stock an overweight rating in a research note on Friday, July 20th. Nomura reaffirmed a hold rating and issued a $188.00 price target on shares of Cintas in a research note on Sunday, July 22nd. Finally, Credit Suisse Group assumed coverage on shares of Cintas in a research note on Friday, August 10th. They issued a neutral rating and a $205.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $196.33.
CTAS stock traded down $1.47 during trading on Tuesday, hitting $179.30. The company had a trading volume of 25,261 shares, compared to its average volume of 799,070. The company has a market capitalization of $19.02 billion, a PE ratio of 30.55, a P/E/G ratio of 2.04 and a beta of 0.98. Cintas has a 52-week low of $144.40 and a 52-week high of $217.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.10 and a quick ratio of 2.65.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.13. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.68 billion. Cintas had a net margin of 12.72% and a return on equity of 24.13%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 EPS. Sell-side analysts forecast that Cintas will post 7.24 EPS for the current fiscal year.
The business also recently announced an annual dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This is a boost from Cintas’s previous annual dividend of $1.62. This represents a yield of 1.13%. Cintas’s dividend payout ratio (DPR) is 27.27%.
Hedge funds have recently added to or reduced their stakes in the stock. Fort L.P. acquired a new stake in Cintas in the 2nd quarter worth approximately $118,000. Edge Wealth Management LLC acquired a new stake in Cintas in the 2nd quarter worth approximately $133,000. Daiwa SB Investments Ltd. acquired a new stake in Cintas in the 2nd quarter worth approximately $143,000. Polaris Greystone Financial Group LLC acquired a new stake in Cintas in the 3rd quarter worth approximately $154,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Cintas in the 2nd quarter worth approximately $181,000. Institutional investors own 66.71% of the company’s stock.
Cintas Company Profile
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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