Cintas (NASDAQ:CTAS) had its price objective raised by equities research analysts at Credit Suisse Group from $160.00 to $195.00 in a report released on Wednesday, The Fly reports. The firm currently has a “neutral” rating on the business services provider’s stock. Credit Suisse Group’s price objective would indicate a potential downside of 25.35% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Xperi from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 19th. William Blair reissued an “outperform” rating on shares of American Software in a research note on Thursday, June 20th. JPMorgan Chase & Co. set a $45.00 price target on shares of Ciena and gave the company a “buy” rating in a research note on Friday, March 22nd. Morgan Stanley set a $23.00 price target on shares of Murphy Oil and gave the company a “sell” rating in a research note on Friday, March 22nd. Finally, Zacks Investment Research cut shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $217.25.

Cintas stock traded up $0.58 during trading on Wednesday, reaching $261.23. The company had a trading volume of 70,124 shares, compared to its average volume of 568,606. The company has a 50-day moving average of $235.58. Cintas has a 1-year low of $155.98 and a 1-year high of $262.54. The company has a market capitalization of $27.26 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 2.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.89.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Tuesday, July 16th. The business services provider reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. Cintas had a net margin of 12.80% and a return on equity of 26.77%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company earned $1.77 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts expect that Cintas will post 8.45 EPS for the current fiscal year.

In other Cintas news, Director Joseph Scaminace sold 6,255 shares of Cintas stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $222.20, for a total transaction of $1,389,861.00. Following the sale, the director now owns 7,973 shares of the company’s stock, valued at approximately $1,771,600.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 19.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Financial Planning LLC purchased a new position in shares of Cintas during the 4th quarter worth $29,000. Financial Gravity Wealth Inc. purchased a new position in shares of Cintas during the 1st quarter worth $36,000. CWM LLC raised its holdings in shares of Cintas by 52.4% during the 1st quarter. CWM LLC now owns 192 shares of the business services provider’s stock worth $39,000 after acquiring an additional 66 shares during the period. Washington Trust Bank purchased a new position in shares of Cintas during the 1st quarter worth $45,000. Finally, Resources Investment Advisors Inc. purchased a new position in shares of Cintas during the 1st quarter worth $81,000. Institutional investors and hedge funds own 67.05% of the company’s stock.

About Cintas

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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