Cintas Corporation (CTAS) Stock Rating Reaffirmed by Robert W. Baird
Cintas Corporation (NASDAQ:CTAS)‘s stock had its “outperform” rating reiterated by equities research analysts at Robert W. Baird in a research report issued on Thursday. They presently have a $165.00 target price on the business services provider’s stock, up from their prior target price of $152.00. Robert W. Baird’s price target would indicate a potential upside of 14.36% from the company’s current price.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research report on Monday, July 10th. Royal Bank Of Canada reiterated a “hold” rating and issued a $130.00 price target on shares of Cintas Corporation in a research report on Friday, July 21st. Deutsche Bank AG set a $130.00 price target on Cintas Corporation and gave the company a “hold” rating in a research report on Friday, July 21st. Stifel Nicolaus upped their price target on Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Finally, BidaskClub upgraded Cintas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $140.70.
Cintas Corporation (NASDAQ CTAS) traded up 1.06% during midday trading on Thursday, reaching $144.28. The company’s stock 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 firm has a 50 day moving average price of $133.77 and a 200 day moving average price of $127.29. The firm has a market capitalization of $15.32 billion, a PE ratio of 28.28 and a beta of 0.85.
Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.18. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The business’s revenue was up 27.2% compared to the same quarter last year. On average, analysts predict that Cintas Corporation will post $5.35 EPS for the current year.
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In other news, CFO J. Michael Hansen sold 800 shares of the company’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 owns 54,370 shares of the company’s stock, valued at $7,108,877.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total value of $267,380.00. Following the transaction, the director now directly owns 13,135 shares in the company, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of CTAS. BlackRock Inc. lifted its stake in shares of Cintas Corporation by 1,737.2% during the first quarter. BlackRock Inc. now owns 6,465,344 shares of the business services provider’s stock valued at $818,121,000 after acquiring an additional 6,113,425 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Cintas Corporation by 10,719.0% during the second quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock valued at $140,318,000 after acquiring an additional 1,102,989 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of Cintas Corporation during the first quarter valued at $57,378,000. Marshall Wace North America L.P. acquired a new position in shares of Cintas Corporation during the first quarter valued at $57,378,000. Finally, Artisan Partners Limited Partnership lifted its stake in shares of Cintas Corporation by 34.4% during the first quarter. Artisan Partners Limited Partnership now owns 1,304,321 shares of the business services provider’s stock valued at $165,049,000 after acquiring an additional 333,957 shares during the period. 64.76% of the stock is currently owned by institutional investors and hedge funds.
About Cintas Corporation
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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