Robert W. Baird Boosts Cintas (NASDAQ:CTAS) Price Target to $227.00

Cintas (NASDAQ:CTAS) had its price objective lifted by Robert W. Baird from $200.00 to $227.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target indicates a potential upside of 11.05% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Friday, December 20th. Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective on the stock. Truist Financial decreased their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company increased their price target on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Morgan Stanley lifted 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $202.57.

Cintas Trading Down 0.1 %

CTAS opened at $204.41 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock’s 50 day moving average price is $200.75 and its 200-day moving average price is $208.89. Cintas has a one year low of $162.16 and a one year high of $228.12. The stock has a market cap of $82.49 billion, a price-to-earnings ratio of 49.29, a P/E/G ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company posted $3.84 EPS. Cintas’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts forecast that Cintas will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Cintas

A number of large investors have recently bought and sold shares of CTAS. Sound Income Strategies LLC purchased a new stake in shares of Cintas in the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in Cintas in the 4th quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas during the fourth quarter worth $31,000. IAG Wealth Partners LLC lifted its holdings in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas during the fourth quarter worth about $34,000. 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.