Cintas Corporation (CTAS) Given Average Recommendation of “Hold” by Analysts
Cintas Corporation (NASDAQ:CTAS) has earned an average rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $139.88.
A number of analysts have recently issued reports on CTAS shares. Zacks Investment Research lowered shares of Cintas Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Cintas Corporation in a research note on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $138.00 price objective (up from $136.00) on shares of Cintas Corporation in a research note on Wednesday, September 27th. BidaskClub raised shares of Cintas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st.
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A number of institutional investors have recently made changes to their positions in CTAS. Mountain Capital Investment Advisors Inc bought a new position in Cintas Corporation in the second quarter worth about $120,000. Parallel Advisors LLC raised its holdings in Cintas Corporation by 4.4% in the second quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock worth $121,000 after purchasing an additional 38 shares in the last quarter. QS Investors LLC raised its holdings in Cintas Corporation by 1.0% in the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in Cintas Corporation by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after purchasing an additional 33 shares in the last quarter. Finally, First Personal Financial Services raised its holdings in Cintas Corporation by 0.8% in the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.
Shares of Cintas Corporation (CTAS) traded up $0.30 on Thursday, hitting $149.50. 702,500 shares of the stock were exchanged, compared to its average volume of 539,007. The stock has a market capitalization of $15,860.62, a price-to-earnings ratio of 30.33, a P/E/G ratio of 2.32 and a beta of 0.87. Cintas Corporation has a 1 year low of $107.97 and a 1 year high of $152.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.57.
Cintas Corporation (NASDAQ:CTAS) last issued its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.18. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. Cintas Corporation had a net margin of 9.79% and a return on equity of 23.71%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share. equities analysts forecast that Cintas Corporation will post 5.36 EPS for the current year.
The company also recently announced an annual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This is an increase from Cintas Corporation’s previous annual dividend of $1.33. This represents a yield of 1.07%. Cintas Corporation’s payout ratio is currently 31.89%.
Cintas Corporation 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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