Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cintas Corporation (CTAS) Stock Price
Media headlines about Cintas Corporation (NASDAQ:CTAS) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cintas Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.2073592037552 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Stock Analyst Price Target Update on Cintas Corporation (NASDAQ:CTAS) – Sheridan Daily (sheridandaily.com)
- Positive Ichimoku Levels For Cintas Corp (CTAS) Indicate Upward Momentum – Evergreen Caller (evergreencaller.com)
- Looking For a Catalyst: Updates on Mobileye NV (NYSE:MBLY) and Cintas Corporation (NASDAQ:CTAS) – FLBC News (flbcnews.com)
- Ritchie Bros. Auctioneers Incorporated (RBA) has a value of $28.75 per share While Cintas Corporation (CTAS) is … – Stocks Gallery (stocksgallery.com)
- Cintas Corporation (CTAS) Director Gerald S. Adolph Sells 2,000 Shares (americanbankingnews.com)
Shares of Cintas Corporation (CTAS) opened at 132.61 on Monday. The firm’s 50-day moving average price is $131.07 and its 200 day moving average price is $124.61. Cintas Corporation has a one year low of $102.07 and a one year high of $139.74. The firm has a market cap of $13.98 billion, a P/E ratio of 30.23 and a beta of 0.84.
Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by $0.30. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. Analysts predict that Cintas Corporation will post $5.23 EPS for the current year.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Cintas Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Nomura downgraded Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. BidaskClub downgraded Cintas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Morgan Stanley reissued an “underweight” rating and issued a $117.00 price objective (up previously from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. Finally, Stifel Nicolaus increased their price objective on Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $133.42.
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In other Cintas Corporation news, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $130.75, for a total value of $104,600.00. Following the completion of the transaction, the chief financial officer now owns 54,370 shares in the company, valued at approximately $7,108,877.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of the transaction, the director now owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. 19.10% of the stock is owned by corporate insiders.
About Cintas Corporation
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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