Cintas Corp. (CTAS) Sets New 1-Year High at $117.69
Cintas Corp. (NASDAQ:CTAS) hit a new 52-week high during trading on Wednesday . The company traded as high as $117.69 and last traded at $116.59, with a volume of 204,781 shares traded. The stock had previously closed at $117.04.
A number of equities research analysts have commented on CTAS shares. Nomura reissued a “buy” rating and set a $124.00 price objective (up previously from $107.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. Barclays PLC decreased their price objective on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 20th. Zacks Investment Research lowered shares of Cintas Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $106.00 target price (up previously from $95.00) on shares of Cintas Corp. in a research note on Wednesday, July 20th. Finally, Macquarie initiated coverage on shares of Cintas Corp. in a research note on Thursday, August 25th. They issued a “neutral” rating and a $130.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $112.36.
The firm’s 50 day moving average price is $108.89 and its 200 day moving average price is $95.72. The stock has a market cap of $12.27 billion and a price-to-earnings ratio of 18.86.
Cintas Corp. (NASDAQ:CTAS) last announced its earnings results on Tuesday, July 19th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.08. During the same quarter in the previous year, the company earned $0.86 earnings per share. The company earned $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. Analysts predict that Cintas Corp. will post $4.42 earnings per share for the current fiscal year.
In related news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $108.12, for a total value of $216,240.00. Following the sale, the director now directly owns 11,590 shares in the company, valued at $1,253,110.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Cintas Corp. stock. BNP Paribas Arbitrage SA increased its stake in shares of Cintas Corp. (NASDAQ:CTAS) by 157.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 40,781 shares of the company’s stock after buying an additional 24,913 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cintas Corp. were worth $3,713,000 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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