Cintas Corp.’s (CTAS) Overweight Rating Reiterated at Barclays PLC
Barclays PLC reaffirmed their overweight rating on shares of Cintas Corp. (NASDAQ:CTAS) in a research note issued to investors on Friday. Barclays PLC currently has a $130.00 price target on the stock.
A number of other analysts have also issued reports on CTAS. Nomura reiterated a buy rating and set a $135.00 price target (up from $124.00) on shares of Cintas Corp. in a research note on Thursday, August 25th. Zacks Investment Research lowered shares of Cintas Corp. from a buy rating to a hold rating in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. reiterated a market perform rating on shares of Cintas Corp. in a research note on Wednesday, September 28th. Macquarie initiated coverage on shares of Cintas Corp. in a research note on Thursday, August 25th. They set a neutral rating and a $130.00 price target on the stock. Finally, Piper Jaffray Cos. reiterated a neutral rating and set a $106.00 price target (up from $95.00) on shares of Cintas Corp. in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock 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 firm has a market capitalization of $11.64 billion, a PE ratio of 16.67 and a beta of 0.76. Cintas Corp. has a 1-year low of $80.00 and a 1-year high of $119.94. The company has a 50-day moving average of $114.71 and a 200-day moving average of $100.39.
Cintas Corp. (NASDAQ:CTAS) last posted its earnings results on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.60%. The company had revenue of $1.29 billion for the quarter. During the same period in the previous year, the company earned $0.93 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts predict that Cintas Corp. will post $4.58 EPS for the current fiscal year.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction that occurred 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 directly owns 11,590 shares in the company, valued at $1,253,110.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.10% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Aperio Group LLC increased its stake in Cintas Corp. by 12.6% in the first quarter. Aperio Group LLC now owns 28,185 shares of the company’s stock valued at $2,531,000 after buying an additional 3,152 shares during the last quarter. IFP Advisors Inc increased its stake in Cintas Corp. by 36.1% in the first quarter. IFP Advisors Inc now owns 2,588 shares of the company’s stock valued at $232,000 after buying an additional 687 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Cintas Corp. during the first quarter valued at $1,060,000. TIAA CREF Investment Management LLC increased its stake in Cintas Corp. by 0.7% in the first quarter. TIAA CREF Investment Management LLC now owns 457,069 shares of the company’s stock valued at $41,049,000 after buying an additional 2,960 shares during the last quarter. Finally, Teachers Advisors Inc. increased its stake in Cintas Corp. by 1.6% in the first quarter. Teachers Advisors Inc. now owns 87,918 shares of the company’s stock valued at $7,896,000 after buying an additional 1,411 shares during the last quarter. 65.78% of the stock is owned by institutional investors and hedge funds.
About Cintas Corp.
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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