Cintas (NASDAQ:CTAS - Get Free Report) had its price objective decreased by equities researchers at The Goldman Sachs Group from $236.00 to $211.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. The Goldman Sachs Group's target price indicates a potential upside of 12.87% from the company's previous close.
Several other equities research analysts also recently commented on CTAS. Morgan Stanley increased their price objective on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. UBS Group decreased their price objective on shares of Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a research report on Friday. Wells Fargo & Company lowered their price objective on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research note on Friday. Truist Financial cut their target price on shares of Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday. Finally, Jefferies Financial Group lowered their price target on Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $195.90.
Get Our Latest Analysis on Cintas
Cintas Stock Up 2.3 %
NASDAQ:CTAS traded up $4.15 during trading hours on Friday, reaching $186.94. 6,170,097 shares of the stock were exchanged, compared to its average volume of 1,522,420. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. Cintas has a twelve month low of $142.18 and a twelve month high of $228.12. The stock has a market cap of $75.39 billion, a PE ratio of 47.21, a PEG ratio of 4.15 and a beta of 1.33. The firm has a 50 day moving average of $214.31 and a 200 day moving average of $202.98.
Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $3.61 earnings per share. The firm'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 4.23 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in CTAS. State Street Corp increased its position in shares of Cintas by 299.3% in the third quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock worth $2,996,697,000 after purchasing an additional 10,910,285 shares during the period. FMR LLC increased its holdings in Cintas by 297.3% in the 3rd quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock valued at $1,807,860,000 after buying an additional 6,571,128 shares during the period. Geode Capital Management LLC increased its holdings in Cintas by 309.7% in the 3rd quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock valued at $1,693,654,000 after buying an additional 6,235,052 shares during the period. Franklin Resources Inc. raised its position in shares of Cintas by 264.7% in the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock valued at $693,503,000 after buying an additional 2,379,932 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cintas by 308.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock worth $519,419,000 after acquiring an additional 1,904,926 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.
About Cintas
(
Get Free Report)
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.
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