Cintas (CTAS) Earns Buy Rating from William Blair

William Blair reissued their buy rating on shares of Cintas (NASDAQ:CTAS) in a research report released on Monday morning.

A number of other research firms also recently weighed in on CTAS. KeyCorp reissued an overweight rating and set a $174.00 price target (up previously from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. Zacks Investment Research raised shares of Cintas from a hold rating to a buy rating and set a $179.00 price target for the company in a research report on Tuesday, December 19th. JPMorgan Chase & Co. reissued a buy rating and set a $183.00 price target on shares of Cintas in a research report on Friday, December 22nd. Robert W. Baird reissued an outperform rating and set a $185.00 price target (up previously from $165.00) on shares of Cintas in a research report on Friday, December 22nd. Finally, Oppenheimer reissued a hold rating on shares of Cintas in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $153.73.

Shares of Cintas (CTAS) opened at $161.17 on Monday. The stock has a market cap of $17,130.00, a P/E ratio of 36.06, a PEG ratio of 2.43 and a beta of 0.87. Cintas has a 12 month low of $112.96 and a 12 month high of $163.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.53 and a current ratio of 1.77.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 earnings per share. sell-side analysts forecast that Cintas will post 5.44 EPS for the current fiscal year.

The firm also recently disclosed an annual dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were issued a $1.62 dividend. This represents a yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 9th. This is an increase from Cintas’s previous annual dividend of $1.33. Cintas’s payout ratio is currently 36.24%.

A number of institutional investors have recently added to or reduced their stakes in CTAS. Schwab Charles Investment Management Inc. boosted its holdings in Cintas by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 286,019 shares of the business services provider’s stock worth $36,050,000 after purchasing an additional 7,920 shares during the period. Victory Capital Management Inc. boosted its holdings in Cintas by 20.6% in the second quarter. Victory Capital Management Inc. now owns 17,045 shares of the business services provider’s stock worth $2,148,000 after purchasing an additional 2,910 shares during the period. Pacer Advisors Inc. boosted its holdings in Cintas by 12.8% in the second quarter. Pacer Advisors Inc. now owns 3,306 shares of the business services provider’s stock worth $417,000 after purchasing an additional 376 shares during the period. Neuberger Berman Group LLC boosted its holdings in Cintas by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 172,648 shares of the business services provider’s stock worth $21,761,000 after purchasing an additional 1,370 shares during the period. Finally, Sawtooth Solutions LLC boosted its holdings in Cintas by 2.0% in the second quarter. Sawtooth Solutions LLC now owns 1,877 shares of the business services provider’s stock worth $237,000 after purchasing an additional 36 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

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Cintas Company Profile

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.

Analyst Recommendations for Cintas (NASDAQ:CTAS)

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