Cintas (NASDAQ:CTAS – Get Rating) had its price objective increased by equities research analysts at The Goldman Sachs Group from $460.00 to $493.00 in a research report issued on Wednesday, The Fly reports. The Goldman Sachs Group’s price objective would indicate a potential upside of 22.84% from the stock’s current price.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $457.00 target price for the company in a research note on Monday, December 27th. Barclays boosted their price objective on Cintas from $470.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, December 23rd. Morgan Stanley raised their target price on Cintas from $399.00 to $416.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 5th. StockNews.com lowered Cintas from a “buy” rating to a “hold” rating in a research note on Thursday, March 10th. Finally, Royal Bank of Canada raised their price objective on shares of Cintas from $450.00 to $475.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 30th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $447.89.
Shares of NASDAQ CTAS traded up $8.34 during trading on Wednesday, reaching $401.34. The company had a trading volume of 696,585 shares, compared to its average volume of 561,766. Cintas has a 12 month low of $328.57 and a 12 month high of $461.44. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. The stock has a market cap of $41.63 billion, a P/E ratio of 37.47, a PEG ratio of 3.45 and a beta of 1.51. The company’s fifty day moving average price is $381.81 and its 200-day moving average price is $407.94.
Cintas (NASDAQ:CTAS – Get Rating) last announced its earnings results on Wednesday, March 23rd. The business services provider reported $2.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.25. Cintas had a return on equity of 32.05% and a net margin of 15.50%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the business posted $2.37 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. As a group, equities analysts predict that Cintas will post 10.94 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. JNBA Financial Advisors purchased a new position in Cintas during the 3rd quarter worth $27,000. HWG Holdings LP bought a new position in shares of Cintas during the fourth quarter valued at about $35,000. Fortis Advisors LLC purchased a new position in Cintas during the third quarter worth about $38,000. Exchange Traded Concepts LLC grew its position in Cintas by 325.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 102 shares of the business services provider’s stock worth $39,000 after purchasing an additional 78 shares in the last quarter. Finally, Glassman Wealth Services grew its position in Cintas by 50.7% in the 3rd quarter. Glassman Wealth Services now owns 104 shares of the business services provider’s stock worth $40,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.
Cintas Company Profile
Cintas Corp. engages in the provision of corporate identity uniforms through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.