Cintas Corporation (NASDAQ:CTAS) had its price objective increased by Stifel Nicolaus from $123.00 to $136.00 in a research note published on Friday morning, MarketBeat Ratings reports. Stifel Nicolaus currently has a hold rating on the business services provider’s stock.
A number of other analysts have also recently weighed in on CTAS. Zacks Investment Research raised shares of Cintas Corporation from a hold rating to a buy rating and set a $141.00 price target for the company in a research report on Monday, July 10th. Robert W. Baird reaffirmed an outperform rating and set a $143.00 price target (up from $135.00) on shares of Cintas Corporation in a research report on Thursday, March 23rd. Piper Jaffray Companies upped their price target on shares of Cintas Corporation from $117.00 to $129.00 and gave the stock a neutral rating in a research report on Thursday, March 23rd. Barclays PLC upped their price target on shares of Cintas Corporation from $130.00 to $145.00 and gave the stock an overweight rating in a research report on Thursday, March 23rd. Finally, Deutsche Bank AG upped their price target on shares of Cintas Corporation from $120.00 to $125.00 and gave the stock a hold rating in a research report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $130.92.
Shares of Cintas Corporation (CTAS) opened at 138.43 on Friday. Cintas Corporation has a 52 week low of $102.07 and a 52 week high of $139.39. The firm has a market capitalization of $14.59 billion, a PE ratio of 31.55 and a beta of 0.83. The stock has a 50 day moving average price of $126.83 and a 200 day moving average price of $121.86.
Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.30. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the company posted $1.08 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities analysts forecast that Cintas Corporation will post $5.15 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Lincoln National Corp raised its position in shares of Cintas Corporation by 0.8% in the first quarter. Lincoln National Corp now owns 1,845 shares of the business services provider’s stock worth $234,000 after buying an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Cintas Corporation by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,861 shares of the business services provider’s stock worth $235,000 after buying an additional 13 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Cintas Corporation by 27.5% in the first quarter. Fifth Third Bancorp now owns 81,484 shares of the business services provider’s stock worth $10,311,000 after buying an additional 17,567 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Cintas Corporation by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,692 shares of the business services provider’s stock worth $467,000 after buying an additional 198 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in shares of Cintas Corporation by 1.8% in the first quarter. TD Asset Management Inc. now owns 186,221 shares of the business services provider’s stock worth $23,564,000 after buying an additional 3,350 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.
About Cintas Corporation
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.
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