Cintas Co. (NASDAQ:CTAS) Receives $199.63 Average Target Price from Analysts

Cintas Co. (NASDAQ:CTAS) has earned a consensus rating of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $200.77.

A number of analysts have issued reports on CTAS shares. Jefferies Financial Group decreased their price target on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a report on Thursday, September 26th. Morgan Stanley upped their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a research note on Thursday, September 26th. Royal Bank of Canada boosted their price objective on shares of Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 26th. Finally, The Goldman Sachs Group increased their target price on shares of Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research report on Thursday, September 26th.

Cintas Stock Performance

Shares of CTAS opened at $208.38 on Wednesday. The stock has a 50-day simple moving average of $215.30 and a 200-day simple moving average of $202.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. Cintas has a 1 year low of $138.39 and a 1 year high of $228.12. The stock has a market capitalization of $84.04 billion, a PE ratio of 52.62, a PEG ratio of 4.15 and a beta of 1.33.

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

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s dividend payout ratio is presently 39.39%.

Institutional Investors Weigh In On Cintas

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC increased its holdings in shares of Cintas by 17.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,282 shares of the business services provider’s stock valued at $898,000 after purchasing an additional 194 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Cintas by 0.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 30,181 shares of the business services provider’s stock worth $21,135,000 after buying an additional 273 shares during the period. ORG Partners LLC increased its holdings in Cintas by 1,203.8% in the second quarter. ORG Partners LLC now owns 1,369 shares of the business services provider’s stock valued at $952,000 after buying an additional 1,264 shares in the last quarter. Keudell Morrison Wealth Management purchased a new position in Cintas in the second quarter valued at about $204,000. Finally, Brookmont Capital Management purchased a new stake in shares of Cintas during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Company Profile

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.