Cintas Co. (NASDAQ:CTAS) Receives Consensus Rating of “Hold” from Analysts

Cintas Co. (NASDAQ:CTAS) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $210.58.

CTAS has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group raised their price objective on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research report on Thursday. Morgan Stanley raised their target price on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Truist Financial lifted their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday.

Cintas Stock Up 0.8 %

Shares of CTAS stock opened at $206.25 on Friday. Cintas has a 12 month low of $162.16 and a 12 month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a market cap of $83.23 billion, a PE ratio of 49.73, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The stock has a 50 day moving average of $200.91 and a 200-day moving average of $208.87.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.84 EPS. On average, equities analysts predict that Cintas will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s payout ratio is presently 36.11%.

Hedge Funds Weigh In On Cintas

Large investors have recently modified their holdings of the stock. MJP Associates Inc. ADV lifted its holdings in Cintas by 2.1% during the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider’s stock worth $441,000 after buying an additional 50 shares in the last quarter. Guardian Wealth Advisors LLC raised its position in shares of Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after acquiring an additional 52 shares during the last quarter. MGB Wealth Management LLC lifted its stake in shares of Cintas by 0.7% during the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after acquiring an additional 52 shares during the period. TIAA Trust National Association boosted its holdings in Cintas by 1.0% in the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 52 shares during the last quarter. Finally, Wellspring Financial Advisors LLC increased its position in Cintas by 4.6% in the fourth quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock worth $214,000 after purchasing an additional 52 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

About Cintas

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.