Cintas Corp.’s (CTAS) “Outperform” Rating Reiterated at Robert W. Baird
Cintas Corp. (NASDAQ:CTAS)‘s stock had its “outperform” rating reissued by stock analysts at Robert W. Baird in a note issued to investors on Friday. They currently have a $140.00 price target on the stock. Robert W. Baird’s target price suggests a potential upside of 25.72% from the company’s previous close.
Several other research analysts have also recently commented on the stock. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Cintas Corp. in a report on Wednesday. Morgan Stanley set a $87.00 target price on shares of Cintas Corp. and gave the stock a “sell” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Cintas Corp. from a “sell” rating to a “hold” rating in a report on Tuesday. Macquarie assumed coverage on shares of Cintas Corp. in a report on Thursday, August 25th. They set a “neutral” rating and a $130.00 target price for the company. Finally, Nomura reiterated a “buy” rating and issued a $135.00 price target (up previously from $124.00) on shares of Cintas Corp. in a research note on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $116.10.
Cintas Corp. (NASDAQ:CTAS) traded up 0.86% during midday trading on Friday, hitting $112.32. 403,386 shares of the company traded hands. Cintas Corp. has a 12-month low of $80.00 and a 12-month high of $119.94. The firm has a market capitalization of $11.78 billion, a PE ratio of 16.89 and a beta of 0.85. The stock’s 50-day moving average is $114.37 and its 200-day moving average is $99.68.
Cintas Corp. (NASDAQ:CTAS) last announced its earnings results on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ 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 business earned $1.29 billion during the quarter. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts anticipate that Cintas Corp. will post $4.56 EPS for the current fiscal year.
In related news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $108.12, for a total transaction of $216,240.00. Following the transaction, the director now directly owns 11,590 shares of the company’s stock, valued at $1,253,110.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.10% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC raised its position in Cintas Corp. by 12.6% in the first quarter. Aperio Group LLC now owns 28,185 shares of the company’s stock worth $2,531,000 after buying an additional 3,152 shares in the last quarter. IFP Advisors Inc raised its position in Cintas Corp. by 36.1% in the first quarter. IFP Advisors Inc now owns 2,588 shares of the company’s stock worth $232,000 after buying an additional 687 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Cintas Corp. during the first quarter worth approximately $1,060,000. TIAA CREF Investment Management LLC raised its position 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 worth $41,049,000 after buying an additional 2,960 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in Cintas Corp. by 1.6% in the first quarter. Teachers Advisors Inc. now owns 87,918 shares of the company’s stock worth $7,896,000 after buying an additional 1,411 shares in the last quarter. 65.78% of the stock is currently 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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