Cintas (NASDAQ:CTAS) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, February 4th.
Several other analysts have also recently commented on the company. BidaskClub cut Cintas from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and set a $166.50 price target for the company in a research report on Thursday, January 3rd. They noted that the move was a valuation call. Northcoast Research reissued a “neutral” rating on shares of Cintas in a research note on Friday, December 21st. Morgan Stanley set a $175.00 price objective on Cintas and gave the stock a “sell” rating in a research note on Monday, October 15th. Finally, Zacks Investment Research lowered Cintas from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Cintas presently has a consensus rating of “Buy” and an average target price of $190.77.
CTAS stock traded up $1.75 during trading on Monday, hitting $208.35. 392,220 shares of the company traded hands, compared to its average volume of 421,362. The stock has a market cap of $21.37 billion, a P/E ratio of 35.08, a P/E/G ratio of 2.28 and a beta of 1.07. Cintas has a 1 year low of $155.98 and a 1 year high of $217.34. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.84.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 20th. The business services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Cintas had a return on equity of 24.87% and a net margin of 14.10%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. On average, research analysts predict that Cintas will post 7.35 earnings per share for the current fiscal year.
In related news, Director Ronald W. Tysoe sold 3,000 shares of the stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $201.64, for a total transaction of $604,920.00. Following the transaction, the director now owns 5,667 shares of the company’s stock, valued at approximately $1,142,693.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael Lawrence Thompson sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $200.60, for a total value of $200,600.00. Following the sale, the insider now owns 64,165 shares in the company, valued at approximately $12,871,499. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,740 shares of company stock worth $1,156,635. Corporate insiders own 19.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC increased its holdings in shares of Cintas by 15.9% in the 2nd quarter. FMR LLC now owns 2,507,776 shares of the business services provider’s stock valued at $464,114,000 after acquiring an additional 344,359 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Cintas in the 2nd quarter valued at about $1,274,000. We Are One Seven LLC acquired a new stake in shares of Cintas in the 3rd quarter valued at about $380,000. Pennsylvania Trust Co boosted its position in shares of Cintas by 28.0% in the 3rd quarter. Pennsylvania Trust Co now owns 22,106 shares of the business services provider’s stock valued at $4,373,000 after purchasing an additional 4,835 shares during the period. Finally, Smith Shellnut Wilson LLC ADV acquired a new stake in shares of Cintas in the 3rd quarter valued at about $456,000. Institutional investors own 66.09% 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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