Cintas Co. (NASDAQ:CTAS) Receives Average Recommendation of "Moderate Buy" From Analysts

Defense World · Oct 3, 2022 19:02

Shares of Cintas Co. (NASDAQ:CTAS – Get Rating) have been given an average recommendation of "Moderate Buy" by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $438.22.

Several research analysts have recently weighed in on CTAS shares. Wells Fargo & Company started coverage on shares of Cintas in a research note on Tuesday, July 12th. They set an "equal weight" rating and a $393.00 price objective on the stock. Royal Bank of Canada decreased their price target on shares of Cintas from $475.00 to $450.00 in a research note on Friday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Cintas from $517.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, July 5th. Morgan Stanley upped their price target on shares of Cintas from $352.00 to $373.00 in a research note on Thursday. Finally, Robert W. Baird decreased their price target on shares of Cintas from $475.00 to $450.00 and set an "outperform" rating on the stock in a research note on Thursday.

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Cintas Stock Down 0.3 %

Cintas stock opened at $388.19 on Monday. The firm has a market capitalization of $39.61 billion, a PE ratio of 32.54, a P/E/G ratio of 3.32 and a beta of 1.44. The company's 50-day moving average is $415.71 and its 200-day moving average is $399.77. Cintas has a fifty-two week low of $343.86 and a fifty-two week high of $461.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 1.51.

Cintas (NASDAQ:CTAS – Get Rating) last released its quarterly earnings data on Wednesday, September 28th. The business services provider reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.26. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.08 billion. Cintas had a net margin of 15.46% and a return on equity of 36.63%. Cintas's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.11 EPS. Sell-side analysts anticipate that Cintas will post 12.51 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 15th were issued a $1.15 dividend. The ex-dividend date was Friday, August 12th. This represents a $4.60 dividend on an annualized basis and a yield of 1.18%. This is an increase from Cintas's previous quarterly dividend of $0.95. Cintas's payout ratio is currently 38.56%.

Institutional Trading of Cintas

Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. increased its position in Cintas by 1.1% during the 2nd quarter. Federated Hermes Inc. now owns 18,566 shares of the business services provider's stock worth $6,936,000 after purchasing an additional 207 shares in the last quarter. Royal London Asset Management Ltd. increased its position in Cintas by 3.0% during the 2nd quarter. Royal London Asset Management Ltd. now owns 30,367 shares of the business services provider's stock worth $11,350,000 after purchasing an additional 887 shares in the last quarter. Amundi increased its position in Cintas by 39.7% during the 2nd quarter. Amundi now owns 137,499 shares of the business services provider's stock worth $53,231,000 after purchasing an additional 39,091 shares in the last quarter. Verition Fund Management LLC acquired a new position in Cintas during the 2nd quarter worth approximately $1,961,000. Finally, Prelude Capital Management LLC acquired a new position in Cintas during the 2nd quarter worth approximately $1,907,000. Institutional investors own 76.66% of the company's stock.

About Cintas

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Cintas Corporation provides 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.

Cintas Co. (NASDAQ:CTAS) Receives Average Recommendation of "Moderate Buy" From Analysts

Cintas Stock Down 0.3 %

Cintas Increases Dividend

Institutional Trading of Cintas

About Cintas

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