News headlines about Cintas (NASDAQ:CTAS) have been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cintas earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 47.3838769161461 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several research analysts have commented on CTAS shares. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research report on Tuesday, December 19th. William Blair reaffirmed a “buy” rating on shares of Cintas in a research report on Monday, January 1st. Robert W. Baird reaffirmed an “outperform” rating and set a $185.00 price target (up previously from $165.00) on shares of Cintas in a research report on Friday, December 22nd. Royal Bank of Canada reissued a “hold” rating and issued a $145.00 target price on shares of Cintas in a report on Monday, November 20th. Finally, BidaskClub raised Cintas from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $155.91.
Shares of Cintas (NASDAQ:CTAS) traded up $3.41 during mid-day trading on Friday, reaching $152.73. The company had a trading volume of 991,331 shares, compared to its average volume of 569,131. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. The firm has a market capitalization of $16,264.06, a price-to-earnings ratio of 30.06, a PEG ratio of 2.34 and a beta of 0.91. Cintas has a 52-week low of $115.17 and a 52-week high of $169.96.
Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. Cintas’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 earnings per share. equities research analysts anticipate that Cintas will post 5.45 earnings per share for the current year.
In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the transaction, the insider now owns 141,328 shares of the company’s stock, valued at approximately $22,742,501.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 18.90% of the company’s stock.
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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