Cintas’ (CTAS) “Buy” Rating Reiterated at Barclays

Barclays reiterated their buy rating on shares of Cintas (NASDAQ:CTAS) in a report issued on Thursday morning, reports. Barclays currently has a $265.00 target price on the business services provider’s stock.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. set a $45.00 price target on shares of Ciena and gave the stock a buy rating in a research report on Friday, March 22nd. Morgan Stanley raised their price target on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an equal weight rating in a research report on Wednesday, July 17th. BidaskClub lowered shares of Xperi from a sell rating to a strong sell rating in a research report on Wednesday, June 19th. Royal Bank of Canada reaffirmed a hold rating and set a $136.00 price target on shares of Continental in a research report on Wednesday, July 17th. Finally, Zacks Investment Research lowered shares of G1 Therapeutics from a buy rating to a hold rating in a research report on Thursday, May 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $221.39.

Shares of CTAS stock opened at $257.85 on Thursday. The firm has a market capitalization of $26.96 billion, a PE ratio of 33.93, a P/E/G ratio of 3.00 and a beta of 0.99. The company has a current ratio of 1.98, a quick ratio of 1.89 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $236.31. Cintas has a one year low of $155.98 and a one year high of $263.82.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Tuesday, July 16th. The business services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Cintas had a net margin of 12.80% and a return on equity of 26.77%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 earnings per share. On average, research analysts expect that Cintas will post 8.45 EPS for the current fiscal year.

In other Cintas news, Director Joseph Scaminace sold 6,255 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $222.20, for a total value of $1,389,861.00. Following the transaction, the director now directly owns 7,973 shares of the company’s stock, valued at approximately $1,771,600.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 19.10% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Capital Financial Planning LLC bought a new position in Cintas in the 4th quarter valued at about $29,000. Financial Gravity Wealth Inc. bought a new position in Cintas in the 1st quarter valued at about $36,000. CWM LLC increased its holdings in Cintas by 52.4% in the 1st quarter. CWM LLC now owns 192 shares of the business services provider’s stock valued at $39,000 after buying an additional 66 shares during the period. Sonora Investment Management LLC bought a new position in Cintas in the 2nd quarter valued at about $42,000. Finally, Washington Trust Bank bought a new position in Cintas in the 1st quarter valued at about $45,000. 67.05% of the stock is currently 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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