Cintas Co. (NASDAQ:CTAS) Receives Average Recommendation of "Hold" from Brokerages

Shares of Cintas Co. (NASDAQ:CTAS - Get Free Report) have been assigned an average rating of "Hold" from the seventeen research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $199.63.

Several research analysts recently weighed in on CTAS shares. UBS Group boosted their price target on shares of Cintas from $219.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Redburn Atlantic initiated coverage on Cintas in a research note on Friday, August 9th. They issued a "neutral" rating and a $167.50 target price on the stock. Royal Bank of Canada increased their price target on Cintas from $181.00 to $215.00 and gave the company a "sector perform" rating in a research report on Thursday, September 26th. Truist Financial boosted their price objective on Cintas from $212.50 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, September 17th. Finally, The Goldman Sachs Group raised their target price on Cintas from $212.00 to $236.00 and gave the company a "buy" rating in a research report on Thursday, September 26th.

Cintas Stock Down 0.0 %

Shares of NASDAQ:CTAS traded down $0.01 during midday trading on Tuesday, hitting $211.54. 1,053,448 shares of the company's stock were exchanged, compared to its average volume of 1,470,441. Cintas has a 12 month low of $123.65 and a 12 month high of $215.37. The company has a market cap of $21.46 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 4.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. The stock has a 50 day moving average price of $215.04 and a 200-day moving average price of $189.44.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.10. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company posted $3.70 earnings per share. Cintas's revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Cintas will post 4.23 EPS for the current fiscal year.

Cintas declared that its board has approved a share buyback program on Tuesday, July 23rd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In related news, Director Gerald S. Adolph sold 4,400 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $191.43, for a total value of $842,292.00. Following the sale, the director now owns 125,808 shares in the company, valued at approximately $24,083,425.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 15.10% of the company's stock.

Hedge Funds Weigh In On Cintas

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning raised its holdings in shares of Cintas by 34.4% during the 2nd quarter. Creative Planning now owns 19,351 shares of the business services provider's stock valued at $13,551,000 after buying an additional 4,957 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its stake in shares of Cintas by 2,063.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 23,800 shares of the business services provider's stock worth $16,666,000 after acquiring an additional 22,700 shares in the last quarter. Western Financial Corp CA lifted its holdings in shares of Cintas by 628.2% in the 3rd quarter. Western Financial Corp CA now owns 11,797 shares of the business services provider's stock worth $2,429,000 after acquiring an additional 10,177 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Cintas by 2.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 39,097 shares of the business services provider's stock worth $27,378,000 after acquiring an additional 838 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC grew its holdings in shares of Cintas by 281.9% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 8,887 shares of the business services provider's stock valued at $1,830,000 after purchasing an additional 6,560 shares during the last quarter. Hedge funds and other 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.