A number of firms have modified their ratings and price targets on shares of Cintas (NASDAQ: CTAS) recently:

  • 8/7/2017 – Cintas was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cintas reported strong fourth-quarter fiscal 2017 results on the back of healthy top-line growth. The company further aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base. The synergies from the combined operations post G&K Services’ acquisition are further expected to yield $130 million to $140 million in cost savings from the fourth year of its operation and the transaction is anticipated to be accretive to Cintas’ earnings. Cintas has also outperformed the industry year to date. However, volatility in raw material prices and third-party supply constraints remain potential headwinds for the company. Moreover, persistent challenging macroeconomic environment has mostly driven customers to perform certain in-house services themselves instead of outsourcing them to Cintas, which have resulted in some loss of businesses.”
  • 7/31/2017 – Cintas was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – Cintas had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $117.00 price target on the stock, up previously from $107.00.
  • 7/21/2017 – Cintas was given a new $130.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 7/21/2017 – Cintas had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $130.00 price target on the stock.
  • 7/21/2017 – Cintas had its price target raised by analysts at Stifel Nicolaus from $123.00 to $136.00. They now have a “hold” rating on the stock.
  • 7/10/2017 – Cintas was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $141.00 price target on the stock. According to Zacks, “The acquisition of G&K Services is likely to fuel Cintas’ growth momentum with an extended product portfolio and additional processing capacity. The synergies from the combined operations are expected to yield $130 million to $140 million in cost savings from the fourth year of its operation and the transaction is anticipated to be accretive to Cintas’ earnings. The company further aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base. Cintas’ investment strategy takes a holistic view of the rapidly evolving market and deploys a dynamic capital allocation approach to focus on the relative value of the various sectors within the broader industry. Cintas has also outperformed the industry year to date. However, volatility in raw material prices and third-party supply constraints remain potential headwinds for the company.”
  • 6/28/2017 – Cintas was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating.
  • 6/27/2017 – Cintas was downgraded by analysts at Instinet from a “buy” rating to a “neutral” rating. They now have a $130.00 price target on the stock, down previously from $142.00.

Cintas Co. (CTAS) opened at 130.81 on Friday. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 29.82 and a beta of 0.84. The company has a 50 day moving average of $130.25 and a 200 day moving average of $123.93. Cintas Co. has a 12 month low of $102.07 and a 12 month high of $139.74.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.05 by $0.30. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Cintas had a return on equity of 13.63% and a net margin of 5.31%. Cintas’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, equities analysts predict that Cintas Co. will post $5.23 EPS for the current year.

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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