Cintas (NASDAQ:CTAS) Earns Sell Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of Cintas (NASDAQ:CTAS) in a research report sent to investors on Monday, MarketBeat Ratings reports. The firm issued a sell rating and a $161.00 price target on the business services provider’s stock.

Several other brokerages also recently commented on CTAS. The Goldman Sachs Group lowered their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. UBS Group cut their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Finally, Wells Fargo & Company cut their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $199.79.

Cintas Trading Down 0.7 %

Shares of NASDAQ:CTAS opened at $204.31 on Monday. The stock’s 50-day simple moving average is $196.31 and its two-hundred day simple moving average is $208.59. The stock has a market capitalization of $82.45 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 3.98 and a beta of 1.38. Cintas has a 52-week low of $154.15 and a 52-week high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the firm earned $3.61 EPS. Cintas’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts expect that Cintas will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s payout ratio is presently 37.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. grew its holdings in Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Hollencrest Capital Management boosted its position in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 104 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Cintas during the fourth quarter valued at approximately $27,000. Addison Advisors LLC grew its stake in shares of Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after buying an additional 114 shares during the last quarter. Finally, Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas in the fourth quarter worth approximately $29,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

About Cintas

Cintas Corporation engages in the provision of 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.