Robert W. Baird Forecasts Strong Price Appreciation for Cintas (NASDAQ:CTAS) Stock

Cintas (NASDAQ:CTAS) had its target price increased by stock analysts at Robert W. Baird from $200.00 to $227.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s target price suggests a potential upside of 11.70% from the company’s current price.

A number of other research firms also recently issued reports on CTAS. Truist Financial dropped their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company raised their target price on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Morgan Stanley lifted their price target on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, UBS Group dropped their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $210.58.

Cintas Stock Performance

Shares of CTAS opened at $203.22 on Thursday. The company has a market cap of $82.01 billion, a price-to-earnings ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41. The business’s fifty day simple moving average is $201.01 and its two-hundred day simple moving average is $208.88. Cintas has a 12 month low of $162.16 and a 12 month high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.84 EPS. Research analysts anticipate that Cintas will post 4.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cintas

A number of institutional investors and hedge funds have recently bought and sold shares of CTAS. Great Valley Advisor Group Inc. bought a new stake in Cintas during the third quarter valued at about $223,000. Fisher Asset Management LLC raised its stake in shares of Cintas by 178.3% during the 3rd quarter. Fisher Asset Management LLC now owns 2,460 shares of the business services provider’s stock worth $507,000 after acquiring an additional 1,576 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Cintas by 311.3% during the third quarter. Loomis Sayles & Co. L P now owns 436 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 330 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Cintas during the third quarter valued at approximately $59,000. Finally, D.A. Davidson & CO. lifted its position in Cintas by 293.3% during the third quarter. D.A. Davidson & CO. now owns 16,198 shares of the business services provider’s stock valued at $3,335,000 after acquiring an additional 12,079 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Company Profile

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.