Cintas (NASDAQ:CTAS) Price Target Lowered to $218.00 at UBS Group

Cintas (NASDAQ:CTAS) had its price target cut by investment analysts at UBS Group from $240.00 to $218.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s target price would suggest a potential upside of 16.61% from the company’s previous close.

Several other equities research analysts also recently issued reports on CTAS. Barclays lifted their price objective on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Wells Fargo & Company dropped their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday. The Goldman Sachs Group increased their price objective on shares of Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Robert W. Baird dropped their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Truist Financial decreased their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $195.90.

Cintas Trading Up 2.3 %

CTAS opened at $186.94 on Friday. The firm has a market capitalization of $75.39 billion, a P/E ratio of 47.21, a P/E/G ratio of 4.15 and a beta of 1.33. The firm’s 50 day moving average is $214.31 and its 200-day moving average is $203.21. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. Cintas has a 52-week low of $142.18 and a 52-week high of $228.12.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.61 EPS. Analysts expect that Cintas will post 4.23 EPS for the current fiscal year.

Institutional Trading of Cintas

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its holdings in Cintas by 9.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,545 shares of the business services provider’s stock worth $12,286,000 after purchasing an additional 1,462 shares during the period. &PARTNERS lifted its stake in shares of Cintas by 41.9% in the 2nd quarter. &PARTNERS now owns 1,300 shares of the business services provider’s stock worth $910,000 after acquiring an additional 384 shares during the period. LRI Investments LLC boosted its holdings in shares of Cintas by 4,450.0% in the second quarter. LRI Investments LLC now owns 182 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 178 shares in the last quarter. McAdam LLC increased its stake in shares of Cintas by 5.3% during the second quarter. McAdam LLC now owns 1,086 shares of the business services provider’s stock valued at $760,000 after acquiring an additional 55 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in Cintas by 48.6% during the second quarter. Raymond James Trust N.A. now owns 2,191 shares of the business services provider’s stock worth $1,534,000 after purchasing an additional 717 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Company Profile

Cintas Corporation engages in the provision of 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.