Cintas Co. (NASDAQ:CTAS) Receives $571.29 Average PT from Analysts

Cintas Co. (NASDAQ:CTASGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $571.29.

Several equities research analysts have recently issued reports on CTAS shares. Royal Bank of Canada increased their target price on shares of Cintas from $525.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Cintas from a “buy” rating to a “hold” rating and upped their price target for the stock from $551.00 to $590.00 in a research report on Friday, December 8th. Barclays upped their price target on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Truist Financial upped their price target on shares of Cintas from $645.00 to $660.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Cintas from $540.00 to $640.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd.

Read Our Latest Research Report on CTAS

Cintas Stock Performance

Shares of CTAS stock opened at $627.38 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $612.66 and its 200-day simple moving average is $560.09. Cintas has a 12-month low of $427.83 and a 12-month high of $636.37. The company has a market cap of $63.60 billion, a PE ratio of 45.53, a PEG ratio of 3.61 and a beta of 1.27.

Cintas (NASDAQ:CTASGet Free Report) last released its earnings results on Thursday, December 21st. The business services provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.12. Cintas had a return on equity of 36.78% and a net margin of 15.57%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm earned $3.12 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. Analysts expect that Cintas will post 14.57 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were issued a dividend of $1.35 per share. The ex-dividend date was Wednesday, February 14th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 0.86%. Cintas’s dividend payout ratio is currently 39.19%.

Insider Transactions at Cintas

In other news, CFO J. Michael Hansen sold 9,774 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $596.91, for a total transaction of $5,834,198.34. Following the completion of the sale, the chief financial officer now owns 37,732 shares in the company, valued at approximately $22,522,608.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.10% of the company’s stock.

Hedge Funds Weigh In On Cintas

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Cintas by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 10,299,288 shares of the business services provider’s stock worth $6,206,969,000 after purchasing an additional 112,361 shares during the period. BlackRock Inc. boosted its position in shares of Cintas by 0.6% during the 2nd quarter. BlackRock Inc. now owns 7,991,359 shares of the business services provider’s stock worth $3,972,345,000 after purchasing an additional 46,864 shares during the period. State Street Corp boosted its position in shares of Cintas by 0.4% during the 2nd quarter. State Street Corp now owns 3,782,333 shares of the business services provider’s stock worth $1,880,122,000 after purchasing an additional 14,694 shares during the period. FMR LLC boosted its position in shares of Cintas by 5.5% during the 3rd quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock worth $1,131,615,000 after purchasing an additional 123,468 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Cintas by 5,584.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,997,277 shares of the business services provider’s stock worth $15,337,000 after purchasing an additional 1,962,139 shares during the period. Hedge funds and other institutional investors own 62.26% of the company’s stock.

About Cintas

(Get Free Report

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other 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, as well as sells uniforms.

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Analyst Recommendations for Cintas (NASDAQ:CTAS)

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