Cintas (NASDAQ:CTAS) Stock Price Expected to Rise, Truist Financial Analyst Says

Cintas (NASDAQ:CTAS) had its target price raised by Truist Financial from $215.00 to $230.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s price target would suggest a potential upside of 13.18% from the stock’s current price.

A number of other equities research analysts have also weighed in on CTAS. UBS Group cut their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Robert W. Baird lifted their target price on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company upped their price target on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research note on Thursday. Finally, The Goldman Sachs Group dropped their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and an average target price of $210.58.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $203.22 on Thursday. The company’s fifty day moving average is $201.01 and its 200 day moving average is $208.88. Cintas has a 52 week low of $162.16 and a 52 week high of $228.12. The stock has a market cap of $82.01 billion, a PE ratio of 49.00, a PEG ratio of 3.98 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.84 earnings per share. Research analysts anticipate that Cintas will post 4.31 earnings per share for the current year.

Institutional Trading of Cintas

Institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new position in shares of Cintas in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new stake in Cintas during the fourth quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Cintas during the 4th quarter valued at approximately $31,000. IAG Wealth Partners LLC raised its holdings in shares of Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after purchasing an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in Cintas in the fourth quarter worth about $34,000. 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.