Cintas Co. (NASDAQ:CTAS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Cintas Co. (NASDAQ:CTAS) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $661.21.

Several analysts have commented on the stock. Truist Financial increased their price target on shares of Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. StockNews.com upgraded Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Royal Bank of Canada raised their price target on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, Barclays boosted their target price on shares of Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th.

Cintas Trading Down 0.1 %

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

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping 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 company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the business earned $3.14 earnings per share. Cintas’s revenue was up 9.9% on a year-over-year basis. Equities analysts forecast that Cintas will post 14.95 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be given a dividend of $1.35 per share. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 annualized dividend and a yield of 0.81%. Cintas’s dividend payout ratio is presently 37.29%.

Institutional Investors Weigh In On Cintas

Several hedge funds have recently modified their holdings of CTAS. Simplicity Solutions LLC boosted its position in Cintas by 117.7% during the fourth quarter. Simplicity Solutions LLC now owns 3,224 shares of the business services provider’s stock worth $1,943,000 after purchasing an additional 1,743 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Cintas during the fourth quarter worth $8,015,000. Comerica Bank purchased a new position in Cintas during the third quarter valued at $10,866,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Cintas by 91.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,642 shares of the business services provider’s stock valued at $29,315,000 after purchasing an additional 23,197 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Cintas by 16.6% during the 4th quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock worth $360,637,000 after purchasing an additional 85,662 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Company Profile

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.