Shares of Cintas Co. (NASDAQ:CTAS) have earned an average recommendation of “Hold” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $153.50.
Several brokerages recently issued reports on CTAS. Zacks Investment Research cut shares of Cintas from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. ValuEngine raised shares of Cintas from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a research note on Friday, December 22nd. BidaskClub raised shares of Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. Finally, KeyCorp reissued an “overweight” rating and issued a $174.00 price target (up previously from $148.00) on shares of Cintas in a research note on Tuesday, December 19th.
In other news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $160.92, for a total value of $1,993,155.12. Following the completion of the sale, 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 filing with the SEC, which is accessible through this link. Corporate insiders own 18.90% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cintas by 61.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 357 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Cintas in the 4th quarter worth $204,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Cintas in the 3rd quarter worth $205,000. Novare Capital Management LLC acquired a new stake in shares of Cintas in the 4th quarter worth $206,000. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Cintas in the 3rd quarter worth $210,000. Hedge funds and other institutional investors own 66.56% of the company’s stock.
CTAS stock traded up $2.54 during mid-day trading on Wednesday, hitting $175.06. 143,817 shares of the stock were exchanged, compared to its average volume of 575,025. The stock has a market capitalization of $18,421.50, a PE ratio of 34.90, a P/E/G ratio of 2.65 and a beta of 0.88. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. Cintas has a twelve month low of $119.54 and a twelve month high of $178.34.
Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. equities research analysts expect that Cintas will post 5.45 earnings per share for the current year.
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Cintas 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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