Cintas (NASDAQ:CTAS) had its target price upped by Stifel Nicolaus from $145.00 to $162.00 in a report issued on Friday. The firm currently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus’ target price indicates a potential downside of 0.68% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. ValuEngine raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub raised shares of Cintas from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 22nd. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Tuesday, December 19th. KeyCorp reissued an “overweight” rating and issued a $174.00 price target (up from $148.00) on shares of Cintas in a report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $183.00 price target on shares of Cintas in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Cintas has a consensus rating of “Hold” and an average target price of $161.18.
Cintas (CTAS) opened at $163.11 on Friday. Cintas has a 12 month low of $119.54 and a 12 month high of $178.34. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. The stock has a market cap of $18,453.44, a price-to-earnings ratio of 32.49, a P/E/G ratio of 2.65 and a beta of 0.88.
In other news, insider James Phillip Holloman sold 12,386 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the completion of the transaction, the insider now directly owns 141,328 shares of the company’s stock, valued at approximately $22,742,501.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.90% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Cintas by 61.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock worth $147,000 after purchasing an additional 357 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Cintas during the 4th quarter worth about $204,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Cintas during the 3rd quarter worth about $205,000. Novare Capital Management LLC acquired a new stake in shares of Cintas during the 4th quarter worth about $206,000. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Cintas during the 3rd quarter worth about $210,000. Institutional investors and hedge funds own 66.56% of the company’s stock.
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.
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