Somewhat Positive News Coverage Somewhat Unlikely to Affect Cintas Corporation (CTAS) Stock Price

Press coverage about Cintas Corporation (NASDAQ:CTAS) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cintas Corporation earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 45.8852328351889 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Shares of Cintas Corporation (NASDAQ CTAS) traded down 0.37% on Friday, hitting $130.33. The stock had a trading volume of 474,633 shares. Cintas Corporation has a one year low of $102.07 and a one year high of $139.74. The company’s 50 day moving average is $130.29 and its 200 day moving average is $124.04. The stock has a market cap of $13.74 billion, a PE ratio of 29.71 and a beta of 0.84.

Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.30. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. Equities research analysts predict that Cintas Corporation will post $5.23 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Cintas Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. BidaskClub cut Cintas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Morgan Stanley reissued an “underweight” rating and issued a $117.00 price objective (up previously from $107.00) on shares of Cintas Corporation in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus raised their price objective on Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $133.42.

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Cintas Corporation Company Profile

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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