Shares of Cintas Corporation (NASDAQ:CTAS) have earned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $135.40.
A number of analysts have weighed in on CTAS shares. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research report on Monday, July 10th. Robert W. Baird set a $152.00 price target on Cintas Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the stock a “hold” rating in a research note on Friday, July 21st. Finally, Instinet lowered Cintas Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $142.00 to $130.00 in a research note on Tuesday, June 27th.
Cintas Corporation (CTAS) traded down 0.33% during midday trading on Friday, reaching $134.56. The company’s stock had a trading volume of 320,775 shares. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $139.74. The firm has a 50 day moving average price of $133.16 and a 200 day moving average price of $125.94. The firm has a market capitalization of $14.19 billion, a PE ratio of 30.67 and a beta of 0.85.
Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.30. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company earned $1.08 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. On average, analysts predict that Cintas Corporation will post $5.23 EPS for the current year.
In other news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the transaction, the director now owns 13,135 shares of the company’s stock, valued at $1,756,018.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $130.75, for a total value of $104,600.00. Following the transaction, the chief financial officer now directly owns 54,370 shares in the company, valued at approximately $7,108,877.50. The disclosure for this sale can be found here. Corporate insiders own 19.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank raised its position in Cintas Corporation by 26.2% in the second quarter. Toronto Dominion Bank now owns 29,293 shares of the business services provider’s stock valued at $3,692,000 after buying an additional 6,073 shares during the last quarter. WINTON GROUP Ltd bought a new position in Cintas Corporation during the second quarter valued at $2,027,000. Mountain Capital Investment Advisors Inc bought a new position in Cintas Corporation during the second quarter valued at $120,000. Covington Capital Management bought a new position in Cintas Corporation during the second quarter valued at $209,000. Finally, Colony Group LLC raised its position in Cintas Corporation by 85.6% in the second quarter. Colony Group LLC now owns 3,665 shares of the business services provider’s stock valued at $462,000 after buying an additional 1,690 shares during the last quarter. 66.40% of the stock is currently owned by hedge funds and other institutional investors.
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Cintas Corporation Company Profile
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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