Cintas Corporation (NASDAQ:CTAS) Receives $215.17 Consensus Target Price from Brokerages

Shares of Cintas Corporation (NASDAQ:CTAS) have received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $215.9231.

Several equities analysts have weighed in on CTAS shares. Stifel Nicolaus dropped their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a report on Wednesday, March 11th. Truist Financial dropped their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Citigroup dropped their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st.

Insiders Place Their Bets

In other news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the transaction, the director owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cintas

Institutional investors have recently modified their holdings of the business. Nemes Rush Group LLC acquired a new position in shares of Cintas during the 4th quarter worth $25,000. Swiss RE Ltd. acquired a new position in Cintas in the 4th quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in Cintas in the 4th quarter worth about $26,000. Triumph Capital Management acquired a new position in Cintas in the 3rd quarter worth about $29,000. Finally, Camelot Portfolios LLC acquired a new position in Cintas in the 4th quarter worth about $26,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

CTAS opened at $170.85 on Friday. The business has a fifty day simple moving average of $173.57 and a 200 day simple moving average of $183.97. The company has a market capitalization of $68.36 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 2.70 and a beta of 0.94. Cintas has a 1 year low of $161.16 and a 1 year high of $226.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. Research analysts expect that Cintas will post 4.89 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.1%. Cintas’s payout ratio is currently 50.85%.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.