News articles about Cintas Corporation (NASDAQ:CTAS) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cintas Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.3378301528463 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research analysts recently commented on CTAS shares. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research note on Monday, July 10th. Robert W. Baird set a $152.00 price objective on Cintas Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. Royal Bank Of Canada restated a “hold” rating and set a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the company a “hold” rating in a research note on Friday, July 21st. Finally, Stifel Nicolaus upped their price objective on Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $135.40.
Shares of Cintas Corporation (CTAS) traded down 0.34% during trading on Friday, reaching $134.15. The company’s stock had a trading volume of 882,320 shares. The company has a market capitalization of $14.14 billion, a P/E ratio of 30.58 and a beta of 0.85. The company’s 50-day moving average is $133.81 and its 200-day moving average is $126.93. Cintas Corporation has a 12 month low of $102.07 and a 12 month high of $139.74.
Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.30). Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business earned $1.08 EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, analysts forecast that Cintas Corporation will post $5.23 EPS for the current fiscal year.
In other Cintas Corporation news, Director Gerald S. Adolph sold 2,000 shares of Cintas Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the sale, the director now owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Michael Hansen sold 800 shares of Cintas Corporation stock in a transaction on Friday, August 11th. The stock was sold at an average price of $130.75, for a total transaction of $104,600.00. Following the sale, the chief financial officer now directly owns 54,370 shares of the company’s stock, valued at approximately $7,108,877.50. The disclosure for this sale can be found here. 19.10% of the stock is currently owned by insiders.
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About Cintas Corporation
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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