Morgan Stanley reiterated their sell rating on shares of Cintas (NASDAQ:CTAS) in a research note published on Thursday morning. Morgan Stanley currently has a $178.00 target price on the business services provider’s stock, up from their prior target price of $164.00.

A number of other research analysts have also recently issued reports on CTAS. Zacks Investment Research raised Cintas from a hold rating to a buy rating and set a $203.00 price objective on the stock in a research note on Wednesday, May 23rd. Stifel Nicolaus raised their price objective on Cintas from $162.00 to $180.00 and gave the company a hold rating in a research note on Friday, July 20th. Robert W. Baird reaffirmed a buy rating and set a $215.00 price objective on shares of Cintas in a research note on Friday, July 20th. Barclays raised their price objective on Cintas from $200.00 to $210.00 and gave the company an overweight rating in a research note on Friday, July 20th. Finally, Nomura reaffirmed a hold rating and set a $188.00 price objective on shares of Cintas in a research note on Sunday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $186.25.

Shares of NASDAQ:CTAS opened at $214.48 on Thursday. Cintas has a 12-month low of $133.70 and a 12-month high of $217.34. The stock has a market cap of $22.63 billion, a PE ratio of 36.11, a P/E/G ratio of 2.50 and a beta of 0.98. The company has a current ratio of 2.55, a quick ratio of 2.19 and a debt-to-equity ratio of 0.84.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, July 19th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.10. Cintas had a return on equity of 24.03% and a net margin of 13.01%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. analysts anticipate that Cintas will post 7.09 EPS for the current year.

Several institutional investors have recently bought and sold shares of CTAS. Wells Fargo & Company MN boosted its holdings in shares of Cintas by 23.8% during the first quarter. Wells Fargo & Company MN now owns 885,643 shares of the business services provider’s stock worth $151,074,000 after purchasing an additional 170,477 shares during the period. Mackay Shields LLC purchased a new stake in shares of Cintas during the first quarter worth about $2,542,000. Victory Capital Management Inc. boosted its holdings in shares of Cintas by 4.1% during the first quarter. Victory Capital Management Inc. now owns 18,971 shares of the business services provider’s stock worth $3,236,000 after purchasing an additional 744 shares during the period. Eaton Vance Management boosted its holdings in shares of Cintas by 25.8% during the first quarter. Eaton Vance Management now owns 5,348 shares of the business services provider’s stock worth $912,000 after purchasing an additional 1,098 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Cintas by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 323,891 shares of the business services provider’s stock worth $55,250,000 after buying an additional 13,942 shares during the period. Institutional investors own 68.76% 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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Analyst Recommendations for Cintas (NASDAQ:CTAS)

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