Deutsche Bank AG restated their hold rating on shares of Cintas Corporation (NASDAQ:CTAS) in a research report report published on Wednesday. Deutsche Bank AG currently has a $140.00 price target on the business services provider’s stock, up from their prior price target of $130.00.

A number of other equities analysts also recently commented on CTAS. William Blair restated an ourperform rating on shares of Cintas Corporation in a research note on Wednesday. Stifel Nicolaus restated a hold rating and issued a $138.00 target price (up from $136.00) on shares of Cintas Corporation in a research note on Wednesday. Morgan Stanley restated an underweight rating and issued a $127.00 target price (up from $117.00) on shares of Cintas Corporation in a research note on Wednesday. Barclays PLC upped their target price on shares of Cintas Corporation from $150.00 to $160.00 and gave the stock an overweight rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of Cintas Corporation from a hold rating to a buy rating and set a $153.00 target price on the stock in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $140.70.

Cintas Corporation (NASDAQ CTAS) traded up 1.06% during mid-day trading on Wednesday, hitting $144.28. The company had a trading volume of 938,179 shares. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $144.66. The stock has a market capitalization of $15.32 billion, a PE ratio of 28.28 and a beta of 0.85. The stock has a 50 day moving average price of $133.77 and a 200-day moving average price of $127.29.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.30 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. Cintas Corporation had a net margin of 9.79% and a return on equity of 23.71%. The firm’s revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. On average, analysts forecast that Cintas Corporation will post $5.35 earnings per share for the current year.

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In other Cintas Corporation news, CFO J. Michael Hansen sold 800 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were 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 of the company’s stock, valued at $7,108,877.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the transaction, the director now directly 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. Company insiders own 18.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CTAS. Ameriprise Financial Inc. raised its holdings in shares of Cintas Corporation by 13.4% in the first quarter. Ameriprise Financial Inc. now owns 39,124 shares of the business services provider’s stock worth $4,950,000 after buying an additional 4,624 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Cintas Corporation by 3.4% in the first quarter. Mutual of America Capital Management LLC now owns 10,051 shares of the business services provider’s stock worth $1,272,000 after buying an additional 331 shares during the last quarter. Martingale Asset Management L P purchased a new position in shares of Cintas Corporation in the first quarter worth $610,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Cintas Corporation by 17.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,637 shares of the business services provider’s stock worth $840,000 after buying an additional 966 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Cintas Corporation by 24.4% in the first quarter. Ameritas Investment Partners Inc. now owns 6,623 shares of the business services provider’s stock worth $837,000 after buying an additional 1,300 shares during the last quarter. 64.76% of the stock is owned by institutional investors and hedge funds.

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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