Cintas' (CTAS) "Sector Perform" Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Cintas (NASDAQ:CTAS - Free Report) in a research report released on Friday morning,Benzinga reports. Royal Bank of Canada currently has a $215.00 price target on the business services provider's stock.

Several other equities research analysts also recently issued reports on CTAS. Barclays boosted their price objective on Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. UBS Group increased their price objective on Cintas from $219.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Wells Fargo & Company dropped their target price on Cintas from $191.00 to $184.00 and set an "underweight" rating for the company in a report on Friday. Robert W. Baird reduced their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Jefferies Financial Group lowered their price target on shares of Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $195.90.

Cintas Stock Performance

Shares of CTAS stock traded up $4.15 during trading on Friday, reaching $186.94. 6,170,097 shares of the company's stock were exchanged, compared to its average volume of 1,522,420. The firm's fifty day moving average price is $214.31 and its 200-day moving average price is $202.98. Cintas has a twelve month low of $142.18 and a twelve month high of $228.12. The stock has a market capitalization of $75.39 billion, a PE ratio of 47.21, a PEG ratio of 4.15 and a beta of 1.33. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.61 earnings per share. As a group, sell-side analysts anticipate that Cintas will post 4.23 EPS for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, November 15th. Cintas's dividend payout ratio (DPR) is presently 39.39%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. LGT Financial Advisors LLC grew its holdings in shares of Cintas by 311.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider's stock valued at $26,000 after purchasing an additional 28 shares during the last quarter. Financial Management Professionals Inc. boosted its position in Cintas by 341.4% in the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock valued at $26,000 after buying an additional 99 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after buying an additional 104 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after buying an additional 114 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in shares of Cintas by 1,340.0% in the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

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.