BidaskClub Upgrades Cintas (CTAS) to “Hold”

BidaskClub upgraded shares of Cintas (NASDAQ:CTAS) from a sell rating to a hold rating in a research report report published on Tuesday, December 5th.

CTAS has been the topic of several other research reports. Robert W. Baird set a $152.00 price target on shares of Cintas and gave the stock a buy rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Cintas from a hold rating to a buy rating and set a $168.00 price target on the stock in a research note on Tuesday, October 10th. Barclays lifted their price target on shares of Cintas from $150.00 to $160.00 and gave the stock an overweight rating in a research note on Wednesday, September 27th. Deutsche Bank reaffirmed a hold rating and set a $140.00 price target (up previously from $130.00) on shares of Cintas in a research note on Wednesday, September 27th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $138.00 price target (up previously from $136.00) on shares of Cintas in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $153.73.

Cintas (NASDAQ CTAS) traded down $0.79 during trading hours on Tuesday, hitting $155.83. 416,881 shares of the company traded hands, compared to its average volume of 640,529. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. The firm has a market cap of $16,675.35, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88. Cintas has a 1-year low of $112.96 and a 1-year high of $163.45.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.04. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm posted $1.15 EPS. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. equities research analysts forecast that Cintas will post 5.44 EPS for the current year.

The business also recently announced an annual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were given a $1.62 dividend. The ex-dividend date was Thursday, November 9th. This represents a dividend yield of 1.07%. This is an increase from Cintas’s previous annual dividend of $1.33. Cintas’s payout ratio is presently 32.27%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Cintas by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 9,266,612 shares of the business services provider’s stock worth $1,167,964,000 after purchasing an additional 191,507 shares during the last quarter. BlackRock Inc. increased its position in shares of Cintas by 2.2% in the 2nd quarter. BlackRock Inc. now owns 6,607,462 shares of the business services provider’s stock worth $832,804,000 after purchasing an additional 142,118 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Cintas by 29.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock worth $255,645,000 after purchasing an additional 398,874 shares during the last quarter. FMR LLC grew its position in shares of Cintas by 20.3% during the 2nd quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after buying an additional 288,029 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Cintas by 10,719.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock valued at $140,318,000 after buying an additional 1,102,989 shares during the last quarter. 66.75% of the stock is owned by institutional investors.

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About Cintas

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.

Analyst Recommendations for Cintas (NASDAQ:CTAS)

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