Cintas (NASDAQ:CTAS) Price Target Lowered to $215.00 at Truist Financial

Cintas (NASDAQ:CTAS - Get Free Report) had its target price decreased by research analysts at Truist Financial from $225.00 to $215.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Truist Financial's price objective indicates a potential upside of 15.01% from the stock's previous close.

A number of other analysts have also commented on the company. Morgan Stanley boosted their target price on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Barclays boosted their price objective on Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, September 27th. UBS Group increased their target price on Cintas from $219.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Robert W. Baird decreased their price target on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday. Two 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 company's stock. According to data from MarketBeat, Cintas has an average rating of "Hold" and a consensus price target of $195.90.

Cintas Trading Up 2.3 %

Shares of Cintas stock traded up $4.15 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 company has a market capitalization of $75.39 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 4.15 and a beta of 1.33. Cintas has a 52 week low of $142.18 and a 52 week high of $228.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The firm's 50-day moving average is $214.31 and its two-hundred day moving average is $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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company 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%. Cintas's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.61 EPS. Sell-side analysts predict that Cintas will post 4.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its holdings in Cintas by 9.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,545 shares of the business services provider's stock worth $12,286,000 after buying an additional 1,462 shares during the last quarter. &PARTNERS boosted its position in Cintas by 41.9% during the second quarter. &PARTNERS now owns 1,300 shares of the business services provider's stock worth $910,000 after purchasing an additional 384 shares during the period. LRI Investments LLC increased its stake in shares of Cintas by 4,450.0% in the second quarter. LRI Investments LLC now owns 182 shares of the business services provider's stock worth $127,000 after purchasing an additional 178 shares in the last quarter. McAdam LLC raised its position in shares of Cintas by 5.3% in the second quarter. McAdam LLC now owns 1,086 shares of the business services provider's stock valued at $760,000 after purchasing an additional 55 shares during the period. Finally, Raymond James Trust N.A. lifted its stake in shares of Cintas by 48.6% during the 2nd quarter. Raymond James Trust N.A. now owns 2,191 shares of the business services provider's stock valued at $1,534,000 after buying an additional 717 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

About Cintas

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.