BidaskClub cut shares of Cintas (NASDAQ:CTAS) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning.

Other equities analysts have also recently issued research reports about the stock. Bank of America assumed coverage on shares of Cintas in a research report on Tuesday, October 23rd. They set a neutral rating and a $200.00 target price on the stock. Credit Suisse Group assumed coverage on shares of Cintas in a research report on Friday, August 10th. They set a neutral rating and a $205.00 target price on the stock. Royal Bank of Canada assumed coverage on shares of Cintas in a research report on Monday, November 19th. They set an outperform rating and a $215.00 target price on the stock. Zacks Investment Research cut shares of Cintas from a buy rating to a hold rating in a research report on Tuesday, November 27th. Finally, Barclays lifted their target price on shares of Cintas from $210.00 to $235.00 and gave the stock an overweight rating in a research report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $202.17.

Shares of Cintas stock traded down $2.60 during mid-day trading on Wednesday, hitting $176.89. 4,323 shares of the stock were exchanged, compared to its average volume of 516,443. Cintas has a 12 month low of $147.38 and a 12 month high of $217.34. The company has a quick ratio of 2.65, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. The stock has a market cap of $19.19 billion, a P/E ratio of 29.79, a P/E/G ratio of 2.06 and a beta of 1.03.

Cintas (NASDAQ:CTAS) last posted its earnings results on Tuesday, September 25th. The business services provider reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.13. Cintas had a net margin of 12.72% and a return on equity of 24.13%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the firm earned $1.45 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Cintas will post 7.24 EPS for the current year.

The business also recently declared an annual dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be issued a $2.05 dividend. This represents a dividend yield of 1.13%. The ex-dividend date is Thursday, November 8th. This is a boost from Cintas’s previous annual dividend of $1.62. Cintas’s payout ratio is 34.51%.

Several large investors have recently bought and sold shares of CTAS. Janney Montgomery Scott LLC raised its holdings in shares of Cintas by 42.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,530 shares of the business services provider’s stock worth $1,209,000 after purchasing an additional 1,955 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Cintas in the 2nd quarter worth approximately $181,000. Aperio Group LLC raised its holdings in shares of Cintas by 3.5% in the 2nd quarter. Aperio Group LLC now owns 38,333 shares of the business services provider’s stock worth $7,094,000 after purchasing an additional 1,296 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Cintas by 30.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,262 shares of the business services provider’s stock worth $2,084,000 after purchasing an additional 2,626 shares during the period. Finally, Comerica Bank raised its holdings in shares of Cintas by 2.2% in the 2nd quarter. Comerica Bank now owns 39,714 shares of the business services provider’s stock worth $7,714,000 after purchasing an additional 873 shares during the period. 66.37% of the stock is currently owned by institutional investors.

Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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Analyst Recommendations for Cintas (NASDAQ:CTAS)

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