Other equities analysts have also issued reports about the stock. Nomura restated a buy rating and issued a $124.00 price objective (up from $107.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. Barclays PLC decreased their price objective on shares of Cintas Corp. from $105.00 to $95.00 and set an equal weight rating on the stock in a report on Wednesday, July 20th. Zacks Investment Research lowered shares of Cintas Corp. from a buy rating to a hold rating in a report on Thursday, August 4th. Piper Jaffray Cos. restated a neutral rating and issued a $106.00 price objective (up from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. Finally, Macquarie initiated coverage on shares of Cintas Corp. in a report on Thursday, August 25th. They issued a neutral rating and a $130.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $116.60.
Cintas Corp. (NASDAQ:CTAS) opened at 112.42 on Wednesday. The firm has a 50-day moving average of $114.66 and a 200 day moving average of $100.16. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 16.90 and a beta of 0.76. Cintas Corp. has a 12-month low of $80.00 and a 12-month high of $119.94.
Cintas Corp. (NASDAQ:CTAS) last posted its earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.18. The company had revenue of $1.29 billion for the quarter. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.60%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, analysts predict that Cintas Corp. will post $4.58 earnings per share for the current fiscal year.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the sale, the director now directly owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 19.10% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in CTAS. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Cintas Corp. by 11.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,274 shares of the company’s stock worth $1,911,000 after buying an additional 2,246 shares in the last quarter. Aperio Group LLC increased its stake in shares of Cintas Corp. by 12.6% in the first quarter. Aperio Group LLC now owns 28,185 shares of the company’s stock worth $2,531,000 after buying an additional 3,152 shares in the last quarter. Virginia Retirement System purchased a new stake in shares of Cintas Corp. during the first quarter worth approximately $6,061,000. IFP Advisors Inc increased its stake in shares of Cintas Corp. by 36.1% in the first quarter. IFP Advisors Inc now owns 2,588 shares of the company’s stock worth $232,000 after buying an additional 687 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Cintas Corp. during the first quarter worth approximately $1,060,000. 65.78% of the stock is currently owned by institutional investors.
About Cintas Corp.
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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