Cintas Co. (NASDAQ:CTAS) Receives $199.63 Consensus PT from Brokerages

Shares of Cintas Co. (NASDAQ:CTAS) have been given an average recommendation of “Hold” by the seventeen research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $199.63.

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Jefferies Financial Group reduced their target price on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Baird R W cut Cintas from a “strong-buy” rating to a “hold” rating in a report on Friday, July 19th. Robert W. Baird boosted their target price on Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Finally, Stifel Nicolaus increased their price target on shares of Cintas from $166.75 to $199.50 and gave the company a “hold” rating in a research report on Friday, July 19th.

Cintas Price Performance

NASDAQ:CTAS opened at $209.13 on Tuesday. Cintas has a 52-week low of $123.65 and a 52-week high of $215.37. The stock has a fifty day moving average of $215.86 and a 200 day moving average of $189.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The firm has a market capitalization of $21.22 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 4.12 and a beta of 1.32.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $3.70 EPS. On average, research analysts expect that Cintas will post 4.23 EPS for the current fiscal year.

Cintas declared that its Board of Directors has approved a stock repurchase plan on Tuesday, July 23rd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Cintas

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. raised its stake in Cintas by 12.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 520 shares of the business services provider’s stock worth $313,000 after buying an additional 58 shares in the last quarter. RFG Advisory LLC purchased a new position in shares of Cintas during the 1st quarter worth approximately $228,000. Harbor Investment Advisory LLC raised its position in shares of Cintas by 5.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 349 shares of the business services provider’s stock worth $240,000 after acquiring an additional 18 shares in the last quarter. Riverview Trust Co purchased a new position in shares of Cintas in the 1st quarter valued at approximately $57,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Cintas by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 90 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 63 shares in the last quarter. 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.