Cintas Corp. (CTAS) Sets New 12-Month High at $117.69
Cintas Corp. (NASDAQ:CTAS)’s share price reached a new 52-week high on Wednesday . The company traded as high as $117.69 and last traded at $116.59, with a volume of 204,781 shares changing hands. The stock had previously closed at $117.04.
CTAS has been the subject of a number of analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Cintas Corp. in a research report on Wednesday, August 17th. KeyCorp upped their price target on shares of Cintas Corp. from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Zacks Investment Research lowered shares of Cintas Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Nomura reaffirmed a “buy” rating and set a $135.00 price target (up previously from $124.00) on shares of Cintas Corp. in a research report on Thursday, August 25th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $106.00 price target (up previously from $95.00) on shares of Cintas Corp. in a research report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $112.36.
The stock has a 50 day moving average of $108.02 and a 200-day moving average of $95.40. The firm has a market capitalization of $12.16 billion and a P/E ratio of 18.694.
Cintas Corp. (NASDAQ:CTAS) last announced its earnings results on Tuesday, July 19th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.00 by $0.08. The firm earned $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. Analysts predict that Cintas Corp. will post $4.42 EPS for the current year.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the transaction, the director now directly owns 11,590 shares in the company, valued at $1,253,110.80. The sale was disclosed in a filing with the SEC, which is accessible through this link.
A hedge fund recently raised its stake in Cintas Corp. stock. BlackRock Advisors LLC boosted its stake in Cintas Corp. (NASDAQ:CTAS) by 2.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 260,882 shares of the company’s stock after buying an additional 5,633 shares during the period. BlackRock Advisors LLC owned 0.24% of Cintas Corp. worth $23,753,000 at the end of the most recent reporting period.
Cintas Corporation provides products and services to businesses of all types. The Company 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, and first aid, safety and fire protection products and services.
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