Cintas (NASDAQ:CTAS) Price Target Lowered to $200.00 at Robert W. Baird

Cintas (NASDAQ:CTAS - Get Free Report) had its target price decreased by equities researchers at Robert W. Baird from $209.00 to $200.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. Robert W. Baird's price target would suggest a potential upside of 6.99% from the company's previous close.

Several other brokerages have also commented on CTAS. UBS Group increased their price objective on shares of Cintas from $219.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Royal Bank of Canada raised their target price on Cintas from $181.00 to $215.00 and gave the stock a "sector perform" rating in a research note on Thursday, September 26th. Wells Fargo & Company lifted their price target on Cintas from $184.00 to $191.00 and gave the stock an "underweight" rating in a research report on Thursday, September 26th. 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. Finally, Truist Financial upped their target price on Cintas from $212.50 to $225.00 and gave the company a "buy" rating in a research report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Cintas has a consensus rating of "Hold" and a consensus target price of $195.90.

Cintas Stock Up 2.3 %

CTAS traded up $4.15 on Friday, hitting $186.94. The company had a trading volume of 6,170,097 shares, compared to its average volume of 1,522,420. The stock has a market capitalization of $75.39 billion, a price-to-earnings ratio of 47.21, a P/E/G ratio of 4.15 and a beta of 1.33. 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 stock has a fifty day moving average price of $214.74 and a 200-day moving average price of $202.86. Cintas has a 12-month low of $142.18 and a 12-month high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business posted $3.61 EPS. Cintas's revenue was up 7.8% on a year-over-year basis. Analysts predict that Cintas will post 4.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Cintas

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTAS. Checchi Capital Advisers LLC raised its holdings in shares of Cintas by 0.9% during the 2nd quarter. Checchi Capital Advisers LLC now owns 1,651 shares of the business services provider's stock worth $1,156,000 after acquiring an additional 14 shares during the period. Axxcess Wealth Management LLC grew its stake in shares of Cintas by 0.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider's stock valued at $2,034,000 after buying an additional 14 shares during the period. Drive Wealth Management LLC increased its holdings in shares of Cintas by 3.7% during the 2nd quarter. Drive Wealth Management LLC now owns 448 shares of the business services provider's stock worth $314,000 after buying an additional 16 shares during the last quarter. TIAA Trust National Association lifted its holdings in Cintas by 1.2% in the second quarter. TIAA Trust National Association now owns 1,363 shares of the business services provider's stock valued at $954,000 after acquiring an additional 16 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in Cintas by 1.3% in the second quarter. Cullen Frost Bankers Inc. now owns 1,517 shares of the business services provider's stock worth $1,062,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds 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.