Cintas Corp. (CTAS) Given New $135.00 Price Target at KeyCorp
Other analysts have also recently issued research reports about the company. Nomura restated a buy rating and set a $135.00 price objective (up previously from $124.00) on shares of Cintas Corp. in a research note on Thursday, August 25th. Barclays PLC cut their price objective on Cintas Corp. from $105.00 to $95.00 and set an equal weight rating on the stock in a research note on Wednesday, July 20th. Zacks Investment Research cut Cintas Corp. from a buy rating to a hold rating in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. restated a market perform rating on shares of Cintas Corp. in a research note on Wednesday, September 28th. Finally, Piper Jaffray Cos. restated a neutral rating and set a $106.00 price objective (up previously from $95.00) on shares of Cintas Corp. in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $116.60.
Cintas Corp. (NASDAQ:CTAS) traded down 0.24% during mid-day trading on Monday, hitting $112.15. The stock had a trading volume of 55,500 shares. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 16.86 and a beta of 0.76. Cintas Corp. has a 12-month low of $80.00 and a 12-month high of $119.94. The company has a 50-day moving average of $114.66 and a 200-day moving average of $100.16.
Cintas Corp. (NASDAQ:CTAS) last released its quarterly 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 return on equity of 24.60% and a net margin of 14.63%. The business had revenue of $1.29 billion for the quarter. During the same quarter last year, the firm posted $0.93 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Cintas Corp. will post $4.58 earnings per share for the current fiscal year.
In other news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $108.12, for a total transaction of $216,240.00. Following the completion of the sale, the director now owns 11,590 shares in the company, valued at approximately $1,253,110.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 19.10% of the company’s stock.
Several large investors have recently made changes to their positions in CTAS. Williams Jones & Associates LLC increased its stake in shares of Cintas Corp. by 10.8% in the second quarter. Williams Jones & Associates LLC now owns 13,794 shares of the company’s stock worth $1,354,000 after buying an additional 1,344 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Cintas Corp. during the second quarter worth approximately $343,000. Kentucky Retirement Systems bought a new stake in shares of Cintas Corp. during the second quarter worth approximately $723,000. Mason Street Advisors LLC bought a new stake in shares of Cintas Corp. during the second quarter worth approximately $1,146,000. Finally, Royal Bank of Canada increased its stake in shares of Cintas Corp. by 108.2% in the second quarter. Royal Bank of Canada now owns 353,658 shares of the company’s stock worth $34,705,000 after buying an additional 183,781 shares during the period. Institutional investors own 65.78% of the company’s stock.
Cintas Corp. 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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