Deutsche Bank Aktiengesellschaft Raises Cintas (NASDAQ:CTAS) Price Target to $726.00

Cintas (NASDAQ:CTAS) had its price target lifted by research analysts at Deutsche Bank Aktiengesellschaft from $629.00 to $726.00 in a note issued to investors on Thursday, StockNewsAPI reports. The firm presently has a “hold” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 5.47% from the company’s previous close.

CTAS has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. Bank of America raised their price objective on Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Robert W. Baird lifted their price target on Cintas from $660.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $641.93.

Cintas Stock Performance

CTAS stock traded up $2.73 during mid-day trading on Thursday, reaching $688.37. The company had a trading volume of 49,607 shares, compared to its average volume of 331,243. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $69.78 billion, a P/E ratio of 49.53, a P/E/G ratio of 3.67 and a beta of 1.27. Cintas has a one year low of $438.59 and a one year high of $704.84. The stock’s 50-day simple moving average is $619.05 and its two-hundred day simple moving average is $566.70.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Cintas had a return on equity of 36.78% and a net margin of 15.57%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $3.14 earnings per share. Research analysts anticipate that Cintas will post 14.57 EPS for the current year.

Hedge Funds Weigh In On Cintas

Institutional investors and hedge funds have recently bought and sold shares of the business. Columbus Macro LLC boosted its position in shares of Cintas by 1.2% during the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock worth $871,000 after buying an additional 17 shares during the period. Quent Capital LLC increased its stake in Cintas by 22.8% during the 4th quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock worth $59,000 after acquiring an additional 18 shares during the period. Greenleaf Trust increased its stake in Cintas by 1.0% during the 3rd quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock worth $913,000 after acquiring an additional 19 shares during the period. Catalyst Capital Advisors LLC raised its stake in Cintas by 33.9% during the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. Finally, RMB Capital Management LLC boosted its position in Cintas by 2.9% in the fourth quarter. RMB Capital Management LLC now owns 680 shares of the business services provider’s stock valued at $410,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.