Cintas Corporation (CTAS) Receives Consensus Rating of “Hold” from Brokerages
Shares of Cintas Corporation (NASDAQ:CTAS) have been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $135.40.
CTAS has been the topic of several recent research reports. Instinet lowered shares of Cintas Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $142.00 to $130.00 in a research report on Tuesday, June 27th. Nomura downgraded shares of Cintas Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 28th. Deutsche Bank AG set a $130.00 target price on shares of Cintas Corporation and gave the company a “hold” rating in a research note on Friday, July 21st. Zacks Investment Research raised shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 target price on shares of Cintas Corporation in a research note on Friday, July 21st.
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In other Cintas Corporation news, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $130.75, for a total value of $104,600.00. Following the completion of the transaction, the chief financial officer now owns 54,370 shares in the company, valued at approximately $7,108,877.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of the transaction, the director now owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. 19.10% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTAS. BlackRock Inc. boosted its holdings in Cintas Corporation by 1,737.2% in the 1st quarter. BlackRock Inc. now owns 6,465,344 shares of the business services provider’s stock worth $818,121,000 after acquiring an additional 6,113,425 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Cintas Corporation by 10,719.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock valued at $140,318,000 after buying an additional 1,102,989 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of Cintas Corporation during the 1st quarter valued at approximately $57,378,000. Marshall Wace North America L.P. purchased a new position in shares of Cintas Corporation during the 1st quarter valued at approximately $57,378,000. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Cintas Corporation by 34.4% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,304,321 shares of the business services provider’s stock valued at $165,049,000 after buying an additional 333,957 shares during the last quarter. Hedge funds and other institutional investors own 66.42% of the company’s stock.
Shares of Cintas Corporation (NASDAQ CTAS) traded down 0.19% during midday trading on Friday, hitting $133.14. 399,097 shares of the stock were exchanged. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $139.74. The firm has a 50-day moving average price of $133.78 and a 200 day moving average price of $126.26. The firm has a market cap of $14.04 billion, a PE ratio of 30.35 and a beta of 0.85.
Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.05 by $0.30. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Cintas Corporation’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts predict that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.
Cintas Corporation 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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