UBS Group Forecasts Strong Price Appreciation for Cintas (NASDAQ:CTAS) Stock

Cintas (NASDAQ:CTAS) had its price objective lifted by UBS Group from $218.00 to $240.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective indicates a potential upside of 18.10% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday. Robert W. Baird upped their target price on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday. The Goldman Sachs Group lowered 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. Citigroup began coverage on Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. 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 company. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus price target of $210.58.

Cintas Stock Down 1.5 %

CTAS opened at $203.22 on Thursday. Cintas has a 12 month low of $162.16 and a 12 month high of $228.12. The company has a market cap of $82.01 billion, a PE ratio of 49.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $201.01 and a 200 day moving average of $208.88.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of Cintas during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new position in Cintas in the 4th quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new stake in Cintas in the fourth quarter worth $31,000. IAG Wealth Partners LLC increased its stake in Cintas by 136.8% in 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 stake in shares of Cintas during the fourth quarter worth $34,000. Institutional investors own 63.46% of the company’s stock.

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.