Shares of Cintas Co. (NASDAQ:CTAS) have earned a consensus rating of “Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $198.39.
A number of research firms have recently commented on CTAS. BidaskClub lowered shares of Cintas from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $248.00 price target on the stock in a research report on Thursday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, Morgan Stanley lifted their price target on shares of Cintas from $163.00 to $172.00 and gave the company an “underweight” rating in a research report on Friday, March 22nd.
Shares of NASDAQ:CTAS traded up $0.71 during trading on Friday, reaching $236.67. The stock had a trading volume of 127,749 shares, compared to its average volume of 421,400. Cintas has a 52 week low of $155.98 and a 52 week high of $236.39. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 2.32 and a beta of 1.00. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.80.
Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, March 21st. The business services provider reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.13. Cintas had a net margin of 12.44% and a return on equity of 25.85%. The company had revenue of $1.68 million for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was down 99.9% compared to the same quarter last year. Research analysts predict that Cintas will post 7.46 EPS for the current fiscal year.
In related news, Director Joseph Scaminace sold 6,255 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $222.20, for a total transaction of $1,389,861.00. Following the transaction, the director now owns 7,973 shares of the company’s stock, valued at $1,771,600.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas E. Frooman sold 2,415 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $207.81, for a total transaction of $501,861.15. Following the transaction, the vice president now directly owns 122,251 shares in the company, valued at approximately $25,404,980.31. The disclosure for this sale can be found here. Insiders own 19.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC increased its holdings in Cintas by 4.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,276 shares of the business services provider’s stock valued at $257,000 after buying an additional 50 shares during the period. World Asset Management Inc increased its holdings in Cintas by 0.8% in the 1st quarter. World Asset Management Inc now owns 6,740 shares of the business services provider’s stock valued at $1,362,000 after buying an additional 56 shares during the period. Wealthfront Advisers LLC increased its holdings in Cintas by 1.9% in the 1st quarter. Wealthfront Advisers LLC now owns 3,315 shares of the business services provider’s stock valued at $670,000 after buying an additional 62 shares during the period. WealthPLAN Partners LLC increased its holdings in Cintas by 5.3% in the 1st quarter. WealthPLAN Partners LLC now owns 1,285 shares of the business services provider’s stock valued at $284,000 after buying an additional 65 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in Cintas by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,778 shares of the business services provider’s stock valued at $635,000 after buying an additional 66 shares during the period. 67.09% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More: What is a good rate of return for a mutual fund?
Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.