Cintas Corp. (CTAS) Given New $135.00 Price Target at KeyCorp
Cintas Corp. (NASDAQ:CTAS) had its price target hoisted by KeyCorp from $130.00 to $135.00 in a research report sent to investors on Monday morning. The firm currently has an overweight rating on the stock.
A number of other analysts have also weighed in on the stock. Nomura reissued a buy rating on shares of Cintas Corp. in a report on Sunday, July 17th. Zacks Investment Research lowered shares of Cintas Corp. from a hold rating to a sell rating in a report on Wednesday, June 15th. Barclays PLC lowered their price target on shares of Cintas Corp. from $105.00 to $95.00 and set an equal weight rating for the company in a report on Wednesday, July 20th. Morgan Stanley reissued an underweight rating and issued a $80.00 price target (up previously from $75.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. Finally, Robert W. Baird reissued an outperform rating and issued a $140.00 price target on shares of Cintas Corp. in a report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $116.60.
Cintas Corp. (NASDAQ:CTAS) traded down 0.24% during mid-day trading on Monday, hitting $112.15. The stock had a trading volume of 55,500 shares. Cintas Corp. has a 1-year low of $80.00 and a 1-year high of $119.94. The company has a market cap of $11.77 billion, a P/E ratio of 16.86 and a beta of 0.76. The company has a 50-day moving average price of $114.66 and a 200 day moving average price of $100.16.
Cintas Corp. (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.18. The company earned $1.29 billion during the quarter. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.60%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. Equities research analysts forecast that Cintas Corp. will post $4.58 EPS for the current fiscal year.
In other news, Director Gerald S. Adolph sold 2,000 shares of Cintas Corp. stock in a transaction on Monday, July 25th. The shares were sold at an average price of $108.12, for a total transaction of $216,240.00. Following the transaction, the director now directly owns 11,590 shares of the company’s stock, valued at $1,253,110.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 19.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in CTAS. First Personal Financial Services boosted its position in shares of Cintas Corp. by 38.1% in the second quarter. First Personal Financial Services now owns 1,105 shares of the company’s stock worth $108,000 after buying an additional 305 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Cintas Corp. by 50.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,128 shares of the company’s stock worth $111,000 after buying an additional 377 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock worth $106,000 after buying an additional 9 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock valued at $135,000 after buying an additional 11 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in Cintas Corp. by 52.2% in the second quarter. Glenmede Trust Co. NA now owns 1,542 shares of the company’s stock valued at $150,000 after buying an additional 529 shares in the last quarter. 65.78% of the stock is currently owned by institutional investors.
Cintas Corp. 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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