William Blair reaffirmed their ourperform rating on shares of Cintas Corporation (NASDAQ:CTAS) in a research note published on Wednesday. William Blair also issued estimates for Cintas Corporation’s Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.22 EPS, Q4 2018 earnings at $1.35 EPS, FY2018 earnings at $5.34 EPS and FY2019 earnings at $5.94 EPS.

Several other equities analysts have also weighed in on the stock. Instinet lowered shares of Cintas Corporation from a buy rating to a neutral rating and decreased their target price 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 target price 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 target price on the stock in a report on Friday, June 2nd. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $130.00 target price on shares of Cintas Corporation in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $140.70.

Shares of Cintas Corporation (NASDAQ CTAS) opened at 144.28 on Wednesday. The company has a market cap of $15.32 billion, a P/E ratio of 28.28 and a beta of 0.85. The firm has a 50-day moving average of $133.77 and a 200 day moving average of $127.29. Cintas Corporation has a 52 week low of $102.07 and a 52 week high of $144.66.

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

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In other news, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 54,370 shares in the company, valued at approximately $7,108,877.50. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction of $267,380.00. Following the completion of the transaction, the director now owns 13,135 shares in the company, valued at $1,756,018.15. The disclosure for this sale can be found here. Corporate insiders own 18.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. First Personal Financial Services lifted its holdings in shares of Cintas Corporation by 0.8% in the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after acquiring an additional 9 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Cintas Corporation by 0.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,674 shares of the business services provider’s stock worth $211,000 after acquiring an additional 10 shares during the last quarter. QS Investors LLC lifted its holdings in shares of Cintas Corporation by 1.0% in the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after acquiring an additional 10 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Cintas Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock worth $510,000 after acquiring an additional 11 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Cintas Corporation by 0.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the business services provider’s stock worth $198,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 64.76% of the company’s stock.

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.

Analyst Recommendations for Cintas Corporation (NASDAQ:CTAS)

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