Cintas Corporation (NASDAQ:CTAS) had its price objective hoisted by Barclays PLC from $150.00 to $160.00 in a report issued on Wednesday morning. They currently have an overweight rating on the business services provider’s stock.

A number of other equities research analysts have also weighed in on the stock. Instinet lowered shares of Cintas Corporation from a buy rating to a neutral rating and reduced their price objective for the company from $142.00 to $130.00 in a report on Tuesday, June 27th. Nomura lowered shares of Cintas Corporation from a buy rating to a neutral rating in a report on Wednesday, June 28th. Deutsche Bank AG set a $130.00 price objective on shares of Cintas Corporation and gave the company a hold rating in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Cintas Corporation from a hold rating to a buy rating and set a $142.00 price target on the stock in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reiterated a hold rating and set a $130.00 price target on shares of Cintas Corporation in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Cintas Corporation currently has an average rating of Hold and an average target price of $140.70.

Cintas Corporation (CTAS) opened at 144.28 on Wednesday. The firm has a 50-day moving average of $133.77 and a 200 day moving average of $127.29. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $144.66. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of 28.28 and a beta of 0.85.

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

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In other Cintas Corporation news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total transaction of $267,380.00. Following the transaction, the director now directly owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Michael Hansen sold 800 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $130.75, for a total transaction of $104,600.00. Following the transaction, the chief financial officer now directly owns 54,370 shares in the company, valued at $7,108,877.50. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of CTAS. Parallel Advisors LLC grew its position in Cintas Corporation by 19.4% during the 1st quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock worth $104,000 after purchasing an additional 140 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Cintas Corporation during the 2nd quarter worth $120,000. QS Investors LLC grew its position in Cintas Corporation by 1.0% during the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares during the last quarter. YorkBridge Wealth Partners LLC grew its position in Cintas Corporation by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after purchasing an additional 33 shares during the last quarter. Finally, First Personal Financial Services grew its position in Cintas Corporation by 0.8% during the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after purchasing an additional 9 shares during the last quarter. 64.76% of the stock is currently owned by institutional investors.

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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