Cintas Corp.’s (CTAS) Outperform Rating Reaffirmed at Robert W. Baird
Other research analysts also recently issued reports about the stock. Nomura reaffirmed a buy rating on shares of Cintas Corp. in a report on Sunday, July 17th. Zacks Investment Research downgraded shares of Cintas Corp. from a hold rating to a sell rating in a report on Wednesday, June 15th. Barclays PLC cut 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. KeyCorp raised their price target on shares of Cintas Corp. from $110.00 to $130.00 and gave the company an overweight rating in a report on Wednesday, August 17th. Finally, Morgan Stanley reissued an underweight rating and issued a $80.00 price target (up from $75.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $117.10.
Shares of Cintas Corp. (NASDAQ:CTAS) opened at 110.92 on Friday. The company has a 50 day moving average of $114.71 and a 200 day moving average of $100.39. The company has a market cap of $11.64 billion, a PE ratio of 16.67 and a beta of 0.76. Cintas Corp. has a 52 week low of $80.00 and a 52 week high of $119.94.
Cintas Corp. (NASDAQ:CTAS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 EPS 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 firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.93 earnings per share. On average, analysts expect that Cintas Corp. will post $4.58 EPS for the current year.
In related 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 value of $216,240.00. Following the transaction, the director now owns 11,590 shares in the company, valued at approximately $1,253,110.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 19.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of CTAS. Massmutual Trust Co. FSB ADV boosted its position in shares of Cintas Corp. by 18.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 9,388 shares of the company’s stock worth $843,000 after buying an additional 1,488 shares during the last quarter. Bristlecone Advisors LLC boosted its position in shares of Cintas Corp. by 5.9% in the first quarter. Bristlecone Advisors LLC now owns 12,320 shares of the company’s stock worth $1,106,000 after buying an additional 690 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in shares of Cintas Corp. by 39.7% in the first quarter. BlackRock Japan Co. Ltd now owns 179,775 shares of the company’s stock worth $16,146,000 after buying an additional 51,117 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Cintas Corp. by 19.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,926,414 shares of the company’s stock worth $262,821,000 after buying an additional 480,916 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Cintas Corp. by 17.2% in the first quarter. BlackRock Group LTD now owns 925,137 shares of the company’s stock worth $83,086,000 after buying an additional 136,073 shares during the last quarter. Institutional investors own 65.78% of the company’s stock.
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.
Receive News & Ratings for Cintas Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Corp. and related companies with MarketBeat.com's FREE daily email newsletter.