Cintas (CTAS) Earns Outperform Rating from Analysts at Royal Bank of Canada

Research analysts at Royal Bank of Canada started coverage on shares of Cintas (NASDAQ:CTAS) in a report released on Monday. The firm set an “outperform” rating on the business services provider’s stock.

A number of other equities analysts have also issued reports on the stock. BidaskClub raised shares of Cintas from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 20th. Robert W. Baird set a $235.00 price target on shares of Cintas and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Bank of America began coverage on shares of Cintas in a research report on Tuesday, October 23rd. They set a “neutral” rating and a $200.00 price target for the company. Morgan Stanley set a $175.00 price target on shares of Cintas and gave the stock a “sell” rating in a research report on Monday, October 15th. Finally, Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $221.00 price target for the company in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Cintas currently has an average rating of “Buy” and an average price target of $202.17.

CTAS opened at $180.05 on Monday. Cintas has a 12-month low of $147.38 and a 12-month high of $217.34. The company has a quick ratio of 2.65, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. Cintas had a net margin of 12.72% and a return on equity of 24.13%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm posted $1.45 EPS. Cintas’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts expect that Cintas will post 7.24 EPS for the current year.

Large investors have recently bought and sold shares of the company. Fort L.P. purchased a new position in shares of Cintas during the 2nd quarter valued at approximately $118,000. Polaris Greystone Financial Group LLC purchased a new position in shares of Cintas during the 3rd quarter valued at approximately $154,000. Piedmont Investment Advisors LLC purchased a new position in shares of Cintas during the 2nd quarter valued at approximately $181,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Cintas during the 3rd quarter valued at approximately $184,000. Finally, Ropes Wealth Advisors LLC purchased a new position in shares of Cintas during the 2nd quarter valued at approximately $185,000. 65.94% of the stock is owned by hedge funds and other institutional investors.

About Cintas

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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Analyst Recommendations for Cintas (NASDAQ:CTAS)

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