Brokerages Set Cintas Corp. (CTAS) Target Price at $117.50
Cintas Corp. (NASDAQ:CTAS) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the firm. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $117.50.
Several analysts recently weighed in on CTAS shares. Morgan Stanley restated an “underweight” rating and issued a $80.00 price objective (up from $75.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. KeyCorp boosted their target price on shares of Cintas Corp. from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. Zacks Investment Research downgraded shares of Cintas Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Nomura reiterated a “buy” rating and issued a $135.00 target price (up from $124.00) on shares of Cintas Corp. in a report on Thursday, August 25th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $130.00 target price on shares of Cintas Corp. in a report on Friday, September 30th.
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Cintas Corp. (NASDAQ:CTAS) opened at 114.60 on Monday. The company has a 50 day moving average of $108.49 and a 200-day moving average of $105.52. Cintas Corp. has a 12-month low of $80.00 and a 12-month high of $119.94. The stock has a market cap of $12.03 billion, a P/E ratio of 17.23 and a beta of 0.86.
Cintas Corp. (NASDAQ:CTAS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.18. The firm earned $1.29 billion during the quarter. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Equities analysts forecast that Cintas Corp. will post $4.60 earnings per share for the current year.
The company also recently announced an annual dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 4th will be given a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a yield of 1.23%. This is a positive change from Cintas Corp.’s previous annual dividend of $1.05. Cintas Corp.’s dividend payout ratio is currently 20.24%.
A number of large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its stake in shares of Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock worth $106,000 after buying an additional 9 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock worth $135,000 after buying an additional 11 shares in the last quarter. First Personal Financial Services raised its stake in shares of Cintas Corp. by 2.3% in the third quarter. First Personal Financial Services now owns 1,130 shares of the company’s stock worth $127,000 after buying an additional 25 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of Cintas Corp. by 1.1% in the second quarter. Suntrust Banks Inc. now owns 2,484 shares of the company’s stock worth $242,000 after buying an additional 26 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Cintas Corp. by 1.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,296 shares of the company’s stock worth $520,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 65.23% 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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