BidaskClub upgraded shares of Cintas (NASDAQ:CTAS) from a buy rating to a strong-buy rating in a report published on Tuesday morning.

A number of other analysts have also weighed in on CTAS. Royal Bank of Canada began coverage on Cintas in a research note on Monday. They set an outperform rating and a $215.00 price objective for the company. Robert W. Baird set a $235.00 price objective on Cintas and gave the company a buy rating in a research note on Tuesday, October 30th. Barclays increased their price objective on Cintas from $210.00 to $235.00 and gave the company an overweight rating in a research note on Wednesday, September 26th. Morgan Stanley increased their price objective on Cintas from $178.00 to $183.00 and gave the company a sell rating in a research note on Wednesday, September 26th. Finally, Credit Suisse Group began coverage on Cintas in a research note on Friday, August 10th. They set a neutral rating and a $205.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Cintas has a consensus rating of Buy and an average price target of $202.17.

Shares of NASDAQ CTAS opened at $177.80 on Tuesday. Cintas has a one year low of $146.56 and a one year high of $217.34. The company has a current ratio of 3.10, a quick ratio of 2.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $19.20 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.03.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Tuesday, September 25th. The business services provider reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share. As a group, sell-side analysts predict that Cintas will post 7.24 EPS for the current fiscal year.

The firm also recently declared an annual dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be paid a $2.05 dividend. This is a positive change from Cintas’s previous annual dividend of $1.62. The ex-dividend date is Thursday, November 8th. This represents a yield of 1.13%. Cintas’s dividend payout ratio (DPR) is presently 34.51%.

A number of hedge funds have recently made changes to their positions in CTAS. Bank of Montreal Can lifted its stake in Cintas by 36.5% in the second quarter. Bank of Montreal Can now owns 122,389 shares of the business services provider’s stock worth $22,650,000 after acquiring an additional 32,698 shares during the period. Amalgamated Bank lifted its stake in Cintas by 6.9% in the second quarter. Amalgamated Bank now owns 13,588 shares of the business services provider’s stock worth $2,515,000 after acquiring an additional 882 shares during the period. Cornerstone Wealth Management LLC lifted its stake in Cintas by 18,267.8% in the second quarter. Cornerstone Wealth Management LLC now owns 766,673 shares of the business services provider’s stock worth $4,064,000 after acquiring an additional 762,499 shares during the period. Sumitomo Life Insurance Co. lifted its stake in Cintas by 4.2% in the second quarter. Sumitomo Life Insurance Co. now owns 11,112 shares of the business services provider’s stock worth $2,056,000 after acquiring an additional 450 shares during the period. Finally, Moody Lynn & Lieberson LLC purchased a new stake in Cintas in the second quarter worth $300,000. 65.94% of the stock is owned by institutional investors.

About Cintas

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

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Analyst Recommendations for Cintas (NASDAQ:CTAS)

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