Cintas Co. (NASDAQ:CTAS) Given Consensus Recommendation of "Hold" by Analysts

Shares of Cintas Co. (NASDAQ:CTAS - Get Free Report) have been given an average recommendation of "Hold" by the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $198.46.

Several brokerages have recently issued reports on CTAS. The Goldman Sachs Group reduced their price objective on Cintas from $236.00 to $211.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a report on Friday, December 20th. UBS Group reduced their price objective on shares of Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Morgan Stanley lifted their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, Truist Financial reduced their price target on Cintas from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, December 20th.

Hedge Funds Weigh In On Cintas

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. lifted its stake in shares of Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management lifted its position in Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Cintas in the 4th quarter worth approximately $27,000. Addison Advisors LLC grew its position in Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after acquiring an additional 114 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Cintas by 1,340.0% during the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

NASDAQ:CTAS traded up $3.62 during midday trading on Thursday, reaching $202.18. The stock had a trading volume of 880,535 shares, compared to its average volume of 1,838,081. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a market cap of $81.59 billion, a P/E ratio of 48.75, a P/E/G ratio of 3.84 and a beta of 1.37. The firm has a fifty day simple moving average of $201.96 and a two-hundred day simple moving average of $206.34. Cintas has a 12-month low of $150.48 and a 12-month high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results 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. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $3.61 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Cintas will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's payout ratio is currently 37.61%.

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.