Cintas Co. (NASDAQ:CTAS) fell 5.5% on Wednesday . The stock traded as low as $200.11 and last traded at $201.16. 2,270,900 shares traded hands during trading, an increase of 345% from the average session volume of 510,072 shares. The stock had previously closed at $212.96.
Several research firms have weighed in on CTAS. Morgan Stanley upped their target price on Cintas from $152.00 to $158.00 and gave the stock a “$192.53” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $202.00 price target for the company in a report on Wednesday, May 30th. Credit Suisse Group started coverage on shares of Cintas in a report on Friday, August 10th. They set a “neutral” rating and a $205.00 price target for the company. Robert W. Baird reiterated a “buy” rating and set a $215.00 price target on shares of Cintas in a report on Friday, July 20th. Finally, Stifel Nicolaus upped their price target on shares of Cintas from $162.00 to $180.00 and gave the stock a “hold” rating in a report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Cintas has an average rating of “Buy” and a consensus target price of $190.42.
The firm has a market capitalization of $22.95 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The company has a current ratio of 2.55, a quick ratio of 2.19 and a debt-to-equity ratio of 0.84.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.68 billion. Cintas had a net margin of 13.01% and a return on equity of 24.03%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 earnings per share. equities research analysts expect that Cintas Co. will post 7.09 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC acquired a new stake in Cintas in the first quarter valued at $114,000. Fort L.P. acquired a new stake in Cintas in the second quarter valued at $118,000. Edge Wealth Management LLC acquired a new stake in Cintas in the second quarter valued at $133,000. Daiwa SB Investments Ltd. acquired a new stake in Cintas in the second quarter valued at $143,000. Finally, McKinley Carter Wealth Services Inc. acquired a new stake in Cintas in the first quarter valued at $149,000. Institutional investors and hedge funds own 68.70% of the company’s stock.
About Cintas (NASDAQ:CTAS)
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.
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