Cintas Co. (NASDAQ:CTAS) – Stock analysts at Jefferies Financial Group increased their FY2021 earnings estimates for Cintas in a research report issued on Thursday, June 25th. Jefferies Financial Group analyst H. Mazari now forecasts that the business services provider will post earnings per share of $7.29 for the year, up from their previous forecast of $7.28. Jefferies Financial Group also issued estimates for Cintas’ Q4 2022 earnings at $2.18 EPS and FY2022 earnings at $9.40 EPS.

Several other research analysts have also weighed in on the company. Stifel Nicolaus lifted their price objective on Cintas from $157.00 to $160.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. William Blair downgraded Cintas from an “outperform” rating to a “market perform” rating in a research note on Monday, April 6th. Morgan Stanley raised their target price on Cintas from $171.00 to $174.00 and gave the company an “underweight” rating in a research note on Thursday, May 14th. Bank of America downgraded Cintas from a “buy” rating to a “neutral” rating and set a $255.00 target price for the company. in a research note on Wednesday, May 27th. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised their target price on Cintas from $250.00 to $318.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Cintas presently has an average rating of “Hold” and an average price target of $243.45.

CTAS stock opened at $263.61 on Monday. The stock has a 50-day moving average price of $254.77 and a 200-day moving average price of $249.17. Cintas has a 1-year low of $154.33 and a 1-year high of $304.81. The company has a current ratio of 2.34, a quick ratio of 2.01 and a debt-to-equity ratio of 0.80. The firm has a market cap of $26.69 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 4.02 and a beta of 1.44.

A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Cintas by 0.3% during the 1st quarter. State Street Corp now owns 3,874,721 shares of the business services provider’s stock valued at $671,179,000 after purchasing an additional 10,706 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Cintas by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 1,573,911 shares of the business services provider’s stock worth $272,187,000 after buying an additional 13,941 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Cintas by 27.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,173,929 shares of the business services provider’s stock worth $315,881,000 after buying an additional 252,634 shares during the last quarter. Norges Bank purchased a new position in shares of Cintas in the 4th quarter worth approximately $220,839,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Cintas by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 666,398 shares of the business services provider’s stock worth $115,434,000 after buying an additional 19,538 shares during the last quarter. Institutional investors and hedge funds own 63.60% of the company’s stock.

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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Earnings History and Estimates for Cintas (NASDAQ:CTAS)

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