Cintas (NASDAQ:CTAS) had its price target reduced by Morgan Stanley from $167.00 to $163.00 in a report issued on Tuesday. Morgan Stanley currently has an underweight rating on the business services provider’s stock.

Several other brokerages also recently issued reports on CTAS. Zacks Investment Research downgraded shares of Cintas from a hold rating to a sell rating in a research note on Monday, September 24th. Barclays raised their price objective on shares of Cintas from $210.00 to $235.00 and gave the stock an overweight rating in a research note on Wednesday, September 26th. BidaskClub downgraded shares of Cintas from a buy rating to a hold rating in a research note on Wednesday, December 12th. ValuEngine downgraded shares of Cintas from a buy rating to a hold rating in a research note on Friday, December 7th. Finally, Bank of America raised shares of Cintas from a neutral rating to a buy rating and set a $166.50 price target for the company in a research note on Thursday, January 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Cintas currently has a consensus rating of Buy and a consensus price target of $190.77.

CTAS traded down $0.47 on Tuesday, hitting $177.01. The company had a trading volume of 17,816 shares, compared to its average volume of 801,509. The firm has a market cap of $18.43 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.96 and a beta of 1.06. Cintas has a 12-month low of $147.38 and a 12-month high of $217.34. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.84.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 20th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Cintas had a net margin of 14.10% and a return on equity of 24.87%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share. On average, research analysts forecast that Cintas will post 7.35 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. FMR LLC increased its holdings in Cintas by 15.9% during the second quarter. FMR LLC now owns 2,507,776 shares of the business services provider’s stock valued at $464,114,000 after buying an additional 344,359 shares during the period. AQR Capital Management LLC increased its holdings in Cintas by 210.5% during the third quarter. AQR Capital Management LLC now owns 440,086 shares of the business services provider’s stock valued at $87,053,000 after buying an additional 298,336 shares during the period. Janus Henderson Group PLC increased its holdings in Cintas by 363.3% during the third quarter. Janus Henderson Group PLC now owns 257,086 shares of the business services provider’s stock valued at $50,854,000 after buying an additional 201,601 shares during the period. Marshall Wace North America L.P. increased its holdings in Cintas by 27.8% during the third quarter. Marshall Wace North America L.P. now owns 838,445 shares of the business services provider’s stock valued at $165,853,000 after buying an additional 182,213 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Cintas by 169.6% during the third quarter. Renaissance Technologies LLC now owns 245,268 shares of the business services provider’s stock valued at $48,516,000 after buying an additional 154,300 shares during the period. 65.95% of the stock is owned by hedge funds and other institutional investors.

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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