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.

Analyst Recommendations for Cintas Corporation (NASDAQ:CTAS)

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