Shares of Cintas Co. (NASDAQ:CTAS) have been assigned a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $228.06.
CTAS has been the topic of several analyst reports. Royal Bank of Canada increased their price target on Cintas to $267.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. William Blair restated a “buy” rating on shares of Cintas in a research report on Thursday, June 20th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a research report on Thursday, July 18th. Barclays restated a “buy” rating and set a $265.00 target price on shares of Cintas in a research report on Thursday, July 18th. Finally, Morgan Stanley raised their target price on Cintas from $184.00 to $202.00 and gave the company an “underweight” rating in a research report on Wednesday, July 17th.
In other news, VP Thomas E. Frooman sold 5,373 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.79, for a total transaction of $1,401,224.67. Following the sale, the vice president now directly owns 127,624 shares in the company, valued at approximately $33,283,062.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Lawrence Thompson sold 4,888 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total value of $1,274,741.52. Following the sale, the insider now owns 69,053 shares in the company, valued at $18,008,331.87. The disclosure for this sale can be found here. 19.10% of the stock is owned by company insiders.
CTAS traded down $0.62 during midday trading on Friday, hitting $258.41. 474,125 shares of the company were exchanged, compared to its average volume of 606,592. The business has a 50 day moving average of $245.01. The stock has a market cap of $26.69 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 3.03 and a beta of 0.98. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. Cintas has a 1-year low of $155.98 and a 1-year high of $264.29.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Tuesday, July 16th. The business services provider reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.13. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. Cintas had a return on equity of 26.77% and a net margin of 12.80%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.77 EPS. On average, research analysts anticipate that Cintas will post 8.45 EPS for the current fiscal year.
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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