Cintas (NASDAQ:CTAS) Given New $200.00 Price Target at Robert W. Baird

Cintas (NASDAQ:CTAS) had its price objective trimmed by Robert W. Baird from $209.00 to $200.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

A number of other equities analysts also recently issued reports on CTAS. Jefferies Financial Group cut their target price on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Morgan Stanley raised their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barclays upped their price target on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. The Goldman Sachs Group boosted their price objective on shares of Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company increased their target price on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $198.46.

Cintas Stock Performance

Shares of CTAS stock opened at $186.94 on Friday. The stock’s 50-day moving average price is $214.31 and its 200 day moving average price is $203.21. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $75.39 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 4.15 and a beta of 1.33. Cintas has a 52-week low of $142.18 and a 52-week high of $228.12.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 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 7.8% on a year-over-year basis. During the same period last year, the company earned $3.61 earnings per share. As a group, equities research analysts forecast that Cintas will post 4.23 EPS for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s payout ratio is 39.39%.

Institutional Investors Weigh In On Cintas

Hedge funds have recently modified their holdings of the company. LGT Financial Advisors LLC grew its position in shares of Cintas by 311.1% in the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 28 shares during the period. Financial Management Professionals Inc. grew its holdings in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 99 shares during the period. Hollencrest Capital Management increased its stake in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 104 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares during the period. Finally, Grove Bank & Trust boosted its position in shares of Cintas by 1,340.0% in the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after acquiring an additional 134 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

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.