Barclays reaffirmed their buy rating on shares of Cintas (NASDAQ:CTAS) in a research note released on Thursday morning, AnalystRatings.com reports. They currently have a $265.00 target price on the business services provider’s stock.
A number of other research analysts also recently issued reports on CTAS. Credit Suisse Group set a GBX 3,090 ($40.38) target price on shares of Royal Dutch Shell and gave the company a buy rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. set a $45.00 target price on shares of Ciena and gave the company a buy rating in a research report on Friday, March 22nd. BidaskClub downgraded shares of Xperi from a sell rating to a strong sell rating in a research report on Wednesday, June 19th. Royal Bank of Canada reiterated a hold rating and set a $136.00 target price on shares of Continental in a research report on Wednesday, July 17th. Finally, Zacks Investment Research downgraded shares of G1 Therapeutics from a buy rating to a hold rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $221.39.
Shares of NASDAQ CTAS opened at $257.85 on Thursday. The firm has a market cap of $26.96 billion, a P/E ratio of 33.93, a P/E/G ratio of 3.00 and a beta of 0.99. Cintas has a 52-week low of $155.98 and a 52-week high of $263.82. The company has a quick ratio of 1.89, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $236.31.
Cintas (NASDAQ:CTAS) last released its earnings results on Tuesday, July 16th. The business services provider reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.13. Cintas had a net margin of 12.80% and a return on equity of 26.77%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company earned $1.77 EPS. Cintas’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Cintas will post 8.45 earnings per share for the current year.
In other Cintas news, Director Joseph Scaminace sold 6,255 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $222.20, for a total transaction of $1,389,861.00. Following the completion of the sale, the director now owns 7,973 shares in the company, valued at approximately $1,771,600.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 19.10% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in Cintas by 21.2% during the 1st quarter. FMR LLC now owns 2,722,998 shares of the business services provider’s stock valued at $550,345,000 after purchasing an additional 475,757 shares in the last quarter. American Century Companies Inc. increased its stake in Cintas by 2.0% during the 1st quarter. American Century Companies Inc. now owns 1,196,294 shares of the business services provider’s stock valued at $241,783,000 after purchasing an additional 23,786 shares in the last quarter. Geode Capital Management LLC increased its stake in Cintas by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 1,168,562 shares of the business services provider’s stock valued at $195,972,000 after purchasing an additional 66,402 shares in the last quarter. Northern Trust Corp increased its stake in Cintas by 0.4% during the 1st quarter. Northern Trust Corp now owns 1,029,149 shares of the business services provider’s stock valued at $208,002,000 after purchasing an additional 4,236 shares in the last quarter. Finally, Norges Bank bought a new stake in Cintas during the 4th quarter valued at $140,888,000. Institutional investors and hedge funds own 67.05% of the company’s stock.
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.
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