Cintas (NASDAQ:CTAS) Given New $233.00 Price Target at The Goldman Sachs Group

Cintas (NASDAQ:CTAS) had its price objective hoisted by equities researchers at The Goldman Sachs Group from $211.00 to $233.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s target price points to a potential upside of 12.57% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research note on Thursday. UBS Group increased their price objective on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley upped their target price on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Robert W. Baird raised their price target on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $207.57.

Cintas Trading Up 1.1 %

Shares of CTAS traded up $2.27 during midday trading on Thursday, hitting $206.98. The stock had a trading volume of 781,597 shares, compared to its average volume of 1,540,351. Cintas has a 1 year low of $162.16 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The stock’s 50 day moving average is $200.75 and its 200 day moving average is $208.89. The firm has a market cap of $83.52 billion, a PE ratio of 49.96, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the business earned $3.84 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts forecast that Cintas will post 4.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Cintas

A number of large investors have recently modified their holdings of the business. Sound Income Strategies LLC purchased a new stake in Cintas during the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Cintas in the fourth quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Cintas in the fourth quarter worth about $31,000. IAG Wealth Partners LLC lifted its holdings in shares of Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after purchasing an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

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.