Cintas Corporation (NASDAQ:CTAS) Downgraded by BidaskClub to “Sell”

Cintas Corporation (NASDAQ:CTAS) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, July 31st.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Cintas Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. Nomura lowered shares of Cintas Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. Morgan Stanley restated an “underweight” rating and issued a $117.00 price target (up from $107.00) on shares of Cintas Corporation in a research report on Tuesday, July 25th. Stifel Nicolaus raised their price target on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Instinet lowered shares of Cintas Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $142.00 to $130.00 in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Cintas Corporation currently has a consensus rating of “Hold” and an average target price of $133.42.

Shares of Cintas Corporation (CTAS) traded down 0.37% during mid-day trading on Monday, reaching $130.33. 474,633 shares of the company were exchanged. The firm’s 50-day moving average is $130.29 and its 200-day moving average is $124.04. Cintas Corporation has a 12 month low of $102.07 and a 12 month high of $139.74. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 29.71 and a beta of 0.84.

Cintas Corporation (NASDAQ:CTAS) last posted its earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by $0.30. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, equities analysts forecast that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Cintas Corporation by 2.1% in the second quarter. Vanguard Group Inc. now owns 9,266,612 shares of the business services provider’s stock worth $1,167,964,000 after buying an additional 191,507 shares during the last quarter. BlackRock Inc. increased its position in shares of Cintas Corporation by 2.2% in the second quarter. BlackRock Inc. now owns 6,607,462 shares of the business services provider’s stock valued at $832,804,000 after buying an additional 142,118 shares in the last quarter. State Street Corp increased its position in shares of Cintas Corporation by 1.1% in the first quarter. State Street Corp now owns 4,900,672 shares of the business services provider’s stock valued at $620,135,000 after buying an additional 51,747 shares in the last quarter. FMR LLC increased its position in shares of Cintas Corporation by 20.3% in the second quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after buying an additional 288,029 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Cintas Corporation by 2.0% in the first quarter. AQR Capital Management LLC now owns 1,512,980 shares of the business services provider’s stock valued at $191,452,000 after buying an additional 30,228 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Cintas Corporation Company Profile

Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.

Analyst Recommendations for Cintas Corporation (NASDAQ:CTAS)

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