Cintas (NASDAQ:CTAS) Now Covered by Bank of America

Investment analysts at Bank of America started coverage on shares of Cintas (NASDAQ:CTAS - Get Free Report) in a research note issued to investors on Thursday, Marketbeat reports. The firm set a "buy" rating and a $250.00 price target on the business services provider's stock. Bank of America's price objective points to a potential upside of 19.66% from the stock's previous close.

A number of other research analysts have also commented on the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 price target on shares of Cintas in a report on Thursday, March 27th. Truist Financial raised their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Morgan Stanley upped their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research report on Thursday, March 27th. Robert W. Baird boosted their price target on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Finally, Wells Fargo & Company raised their price objective on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of "Hold" and an average price target of $213.62.

Cintas Stock Performance

Shares of CTAS stock traded down $0.69 during trading on Thursday, reaching $208.93. The company had a trading volume of 714,383 shares, compared to its average volume of 1,691,588. The company has a market capitalization of $84.36 billion, a PE ratio of 50.37, a PEG ratio of 3.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm's 50 day simple moving average is $201.25 and its two-hundred day simple moving average is $204.28. Cintas has a one year low of $162.16 and a one year high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the business posted $3.84 EPS. Cintas's revenue was up 8.4% compared to the same quarter last year. Sell-side analysts forecast that Cintas will post 4.31 earnings per share for the current year.

Insider Transactions at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the sale, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. MJP Associates Inc. ADV increased its position in Cintas by 2.1% in the fourth quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock worth $441,000 after purchasing an additional 50 shares during the period. Guardian Wealth Advisors LLC raised its stake in shares of Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock worth $318,000 after buying an additional 52 shares during the last quarter. MGB Wealth Management LLC boosted its stake in Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock valued at $1,328,000 after acquiring an additional 52 shares during the last quarter. TIAA Trust National Association grew its holdings in Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock worth $983,000 after acquiring an additional 52 shares during the period. Finally, Wellspring Financial Advisors LLC raised its position in shares of Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock valued at $214,000 after acquiring an additional 52 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.