Cintas Co. (NASDAQ:CTAS) Receives $198.46 Average Price Target from Analysts

Shares of Cintas Co. (NASDAQ:CTAS) have received an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $198.46.

Several research firms have recently commented on CTAS. Truist Financial reduced their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Barclays increased their price target on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Robert W. Baird cut their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Morgan Stanley increased their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group cut their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th.

Hedge Funds Weigh In On Cintas

Several large investors have recently made changes to their positions in CTAS. Diversified Trust Co increased its holdings in Cintas by 10.7% in the fourth quarter. Diversified Trust Co now owns 18,092 shares of the business services provider’s stock valued at $3,305,000 after buying an additional 1,756 shares in the last quarter. Bank of New Hampshire grew its position in shares of Cintas by 2.8% during the 4th quarter. Bank of New Hampshire now owns 2,904 shares of the business services provider’s stock valued at $531,000 after acquiring an additional 80 shares during the period. CWA Asset Management Group LLC increased its stake in shares of Cintas by 11.3% in the 4th quarter. CWA Asset Management Group LLC now owns 15,465 shares of the business services provider’s stock valued at $2,825,000 after purchasing an additional 1,572 shares in the last quarter. Pensionfund Sabic raised its holdings in Cintas by 28.6% in the 4th quarter. Pensionfund Sabic now owns 9,000 shares of the business services provider’s stock worth $1,644,000 after purchasing an additional 2,000 shares during the period. Finally, Everence Capital Management Inc. boosted its position in Cintas by 12.7% during the fourth quarter. Everence Capital Management Inc. now owns 7,980 shares of the business services provider’s stock worth $1,458,000 after purchasing an additional 900 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Up 2.0 %

Shares of Cintas stock opened at $188.72 on Friday. Cintas has a 1 year low of $143.98 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. The stock has a market cap of $76.11 billion, a price-to-earnings ratio of 47.66, a PEG ratio of 4.15 and a beta of 1.37. The firm’s 50-day moving average is $208.18 and its two-hundred day moving average is $204.37.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. Cintas’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $3.61 earnings per share. As a group, research analysts expect that Cintas will post 4.23 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s payout ratio is presently 37.59%.

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.