Brokerages Set Cintas Co. (NASDAQ:CTAS) PT at $198.46

Cintas Co. (NASDAQ:CTAS) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $198.46.

A number of research firms have weighed in on CTAS. UBS Group cut their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Truist Financial cut their price target on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group decreased their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Jefferies Financial Group cut their target price on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th.

Institutional Trading of Cintas

Several hedge funds and other institutional investors have recently bought and sold shares of CTAS. Axxcess Wealth Management LLC boosted its position in Cintas by 0.5% during the second quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider’s stock valued at $2,034,000 after purchasing an additional 14 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Cintas by 1.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,517 shares of the business services provider’s stock worth $1,062,000 after buying an additional 19 shares during the last quarter. D Orazio & Associates Inc. raised its stake in shares of Cintas by 3.5% during the 2nd quarter. D Orazio & Associates Inc. now owns 556 shares of the business services provider’s stock worth $389,000 after acquiring an additional 19 shares in the last quarter. Alpha Financial Partners LLC lifted its position in Cintas by 5.1% during the second quarter. Alpha Financial Partners LLC now owns 389 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 19 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its stake in Cintas by 1.9% in the second quarter. E Fund Management Co. Ltd. now owns 997 shares of the business services provider’s stock valued at $698,000 after acquiring an additional 19 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 2.1 %

Shares of NASDAQ:CTAS opened at $192.65 on Friday. The company has a market cap of $77.70 billion, a price-to-earnings ratio of 48.65, a PEG ratio of 4.15 and a beta of 1.37. Cintas has a 12 month low of $144.13 and a 12 month high of $228.12. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $207.61 and a 200 day moving average price of $204.21.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $3.61 EPS. As a group, equities research analysts predict that Cintas will post 4.23 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s dividend payout ratio (DPR) is 37.59%.

Cintas Company Profile

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.