Cintas (CTAS) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Cintas (NASDAQ:CTAS) from a sell rating to a hold rating in a research note published on Tuesday morning.

Other equities research analysts have also issued reports about the stock. Oppenheimer reaffirmed a hold rating on shares of Cintas in a report on Wednesday, September 27th. William Blair reaffirmed an ourperform rating on shares of Cintas in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Cintas from a hold rating to a buy rating and set a $150.00 price objective for the company in a report on Thursday, August 24th. Morgan Stanley reaffirmed an underweight rating and set a $127.00 price objective (up from $117.00) on shares of Cintas in a report on Wednesday, September 27th. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $145.00 price objective on shares of Cintas in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Cintas currently has an average rating of Hold and an average price target of $144.67.

Shares of Cintas (NASDAQ CTAS) opened at $156.28 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. Cintas has a fifty-two week low of $112.96 and a fifty-two week high of $159.68. The stock has a market cap of $16,871.57, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.18. Cintas had a net margin of 9.79% and a return on equity of 23.71%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm posted $1.26 EPS. The company’s revenue was up 27.2% on a year-over-year basis. equities research analysts anticipate that Cintas will post 5.36 earnings per share for the current year.

The company also recently announced an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given a dividend of $1.62 per share. This is an increase from Cintas’s previous annual dividend of $1.33. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 9th. Cintas’s dividend payout ratio is currently 31.89%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in shares of Cintas during the 3rd quarter valued at approximately $11,296,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Cintas by 35.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 266,155 shares of the business services provider’s stock valued at $33,546,000 after acquiring an additional 69,483 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Cintas by 3.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 270,485 shares of the business services provider’s stock valued at $34,092,000 after acquiring an additional 9,351 shares during the last quarter. black and white Capital LP bought a new position in shares of Cintas during the 2nd quarter valued at approximately $16,385,000. Finally, Caldera Capital LLC boosted its position in shares of Cintas by 32.5% during the 2nd quarter. Caldera Capital LLC now owns 8,149 shares of the business services provider’s stock valued at $1,027,000 after acquiring an additional 1,999 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.

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Cintas 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.

Analyst Recommendations for Cintas (NASDAQ:CTAS)

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