Cintas (CTAS) Rating Lowered to Buy at BidaskClub

Cintas (NASDAQ:CTAS) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Other equities analysts have also issued reports about the stock. Robert W. Baird reiterated a “buy” rating and set a $215.00 target price on shares of Cintas in a research report on Friday, July 20th. Credit Suisse Group began coverage on shares of Cintas in a research report on Friday, August 10th. They set a “neutral” rating and a $205.00 target price on the stock. Nomura reiterated a “hold” rating and set a $188.00 target price on shares of Cintas in a research report on Sunday, July 22nd. Barclays upped their target price on shares of Cintas from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research lowered shares of Cintas from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $196.00.

NASDAQ:CTAS traded down $2.30 on Friday, reaching $178.66. The stock had a trading volume of 641,600 shares, compared to its average volume of 538,886. The firm has a market cap of $19.90 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98. Cintas has a 1-year low of $144.40 and a 1-year high of $217.34. The company has a quick ratio of 2.65, a current ratio of 3.10 and a debt-to-equity ratio of 0.76.

Cintas (NASDAQ:CTAS) last announced its earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.13. Cintas had a net margin of 12.72% and a return on equity of 24.13%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business earned $1.45 earnings per share. Cintas’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that Cintas will post 7.24 EPS for the current fiscal year.

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

About Cintas

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.

Featured Story: Exchange-Traded Funds (ETFs)

Analyst Recommendations for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply