Cintas (CTAS) Given a $175.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $175.00 price objective on Cintas (NASDAQ:CTAS) in a research report sent to investors on Monday. The brokerage currently has a sell rating on the business services provider’s stock.

CTAS has been the subject of a number of other reports. Robert W. Baird set a $235.00 target price on Cintas and gave the stock a buy rating in a research note on Wednesday, September 26th. Zacks Investment Research cut Cintas from a hold rating to a sell rating in a research note on Monday, September 24th. Barclays raised their price target on shares of Cintas from $210.00 to $235.00 and gave the stock an overweight rating in a research note on Wednesday, September 26th. Stifel Nicolaus raised their price target on shares of Cintas from $162.00 to $180.00 and gave the stock a hold rating in a research note on Friday, July 20th. Finally, Credit Suisse Group initiated coverage on shares of Cintas in a research note on Friday, August 10th. They set a neutral rating and a $205.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $196.00.

NASDAQ CTAS opened at $180.96 on Monday. Cintas has a 52-week low of $144.40 and a 52-week high of $217.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.10 and a quick ratio of 2.65. The company has a market cap of $19.90 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98.

Cintas (NASDAQ:CTAS) last posted its earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business earned $1.45 EPS. Cintas’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Cintas will post 7.24 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Cintas by 30.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,262 shares of the business services provider’s stock worth $2,084,000 after acquiring an additional 2,626 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Cintas by 19.7% in the 2nd quarter. Toronto Dominion Bank now owns 55,976 shares of the business services provider’s stock valued at $10,357,000 after buying an additional 9,199 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Cintas by 105.2% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,375 shares of the business services provider’s stock valued at $254,000 after buying an additional 705 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Cintas by 12.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,297,097 shares of the business services provider’s stock valued at $240,054,000 after buying an additional 145,128 shares during the last quarter. Finally, Global X Management Co LLC boosted its holdings in shares of Cintas by 23.3% in the 2nd quarter. Global X Management Co LLC now owns 2,894 shares of the business services provider’s stock valued at $536,000 after buying an additional 546 shares during the last quarter. 67.05% of the stock is owned by institutional investors.

Cintas Company Profile

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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Analyst Recommendations for Cintas (NASDAQ:CTAS)

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