Cintas Corporation (NASDAQ:CTAS) has been assigned a $130.00 price target by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Friday, July 21st. The firm currently has a “hold” rating on the business services provider’s stock. Deutsche Bank AG’s target price points to a potential downside of 1.97% from the stock’s current price.
Several other research firms also recently issued reports on CTAS. Zacks Investment Research raised Cintas Corporation from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Robert W. Baird reissued an “outperform” rating and issued a $143.00 price target (up previously from $135.00) on shares of Cintas Corporation in a research note on Thursday, March 23rd. Piper Jaffray Companies lifted their price target on Cintas Corporation from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, March 23rd. Barclays PLC lifted their target price on Cintas Corporation from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, March 23rd. Finally, Nomura downgraded Cintas Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $133.42.
Shares of Cintas Corporation (NASDAQ CTAS) traded up 1.08% on Friday, hitting $132.61. The stock had a trading volume of 925,899 shares. The firm has a market cap of $13.98 billion, a P/E ratio of 30.23 and a beta of 0.84. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $139.74. The company’s 50-day moving average price is $131.07 and its 200 day moving average price is $124.61.
Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 period in the prior year, the business earned $1.08 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities research analysts forecast that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.
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In other Cintas Corporation news, CFO J. Michael Hansen sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $130.75, for a total transaction of $104,600.00. Following the transaction, the chief financial officer now owns 54,370 shares of the company’s stock, valued at $7,108,877.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gerald S. Adolph sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total value of $267,380.00. Following the sale, the director now owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. 19.10% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Federated Investors Inc. PA boosted its stake in shares of Cintas Corporation by 14.1% in the fourth quarter. Federated Investors Inc. PA now owns 2,161 shares of the business services provider’s stock worth $250,000 after buying an additional 267 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Cintas Corporation by 6.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,980 shares of the business services provider’s stock worth $344,000 after buying an additional 180 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Cintas Corporation during the fourth quarter worth about $2,728,000. Teachers Advisors LLC boosted its stake in shares of Cintas Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 98,790 shares of the business services provider’s stock worth $11,416,000 after buying an additional 4,314 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in shares of Cintas Corporation during the fourth quarter worth about $722,000. Institutional investors own 67.55% of the company’s stock.
About Cintas Corporation
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.
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