Cintas Co. (NASDAQ:CTAS) Given Average Recommendation of “Moderate Buy” by Brokerages

Cintas Co. (NASDAQ:CTAS) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $661.21.

A number of analysts have issued reports on the company. Barclays raised their price target on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Oppenheimer restated a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. Royal Bank of Canada upped their target price on Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Bank of America raised their price target on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th.

Cintas Stock Down 0.1 %

CTAS stock opened at $665.83 on Tuesday. Cintas has a fifty-two week low of $454.70 and a fifty-two week high of $704.84. The company’s 50 day moving average price is $649.24 and its 200 day moving average price is $595.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.03 and a current ratio of 2.38. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 3.90 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the firm earned $3.14 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts anticipate that Cintas will post 14.95 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be issued a $1.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 annualized dividend and a dividend yield of 0.81%. Cintas’s dividend payout ratio (DPR) is 37.29%.

Institutional Investors Weigh In On Cintas

Several hedge funds and other institutional investors have recently bought and sold shares of CTAS. Rise Advisors LLC acquired a new stake in Cintas during the first quarter valued at approximately $30,000. Janiczek Wealth Management LLC raised its position in shares of Cintas by 113.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock worth $30,000 after purchasing an additional 26 shares during the period. Webster Bank N. A. purchased a new stake in shares of Cintas during the first quarter valued at $38,000. DSM Capital Partners LLC acquired a new position in shares of Cintas in the 4th quarter valued at $40,000. Finally, ZRC Wealth Management LLC purchased a new position in Cintas in the 1st quarter worth about $45,000. 63.46% of the stock is currently owned by institutional investors.

About Cintas

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.