Cintas (NASDAQ:CTAS) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Cintas (NASDAQ:CTAS) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $239.00 price target on the business services provider’s stock.

A number of other brokerages have also commented on CTAS. Robert W. Baird raised their price objective on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Morgan Stanley raised their price objective on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. Truist Financial raised their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Bank of America began coverage on shares of Cintas in a report on Thursday, April 10th. They set a “buy” rating and a $250.00 price objective on the stock. Finally, Redburn Atlantic lowered shares of Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price objective on the stock. in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus price target of $220.96.

Cintas Trading Up 0.7%

CTAS opened at $216.90 on Monday. The firm’s fifty day moving average is $220.74 and its two-hundred day moving average is $207.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. The firm has a market cap of $87.58 billion, a PE ratio of 50.24, a price-to-earnings-growth ratio of 3.36 and a beta of 1.05. Cintas has a twelve month low of $178.42 and a twelve month high of $229.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Cintas in the 1st quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Cintas in the 4th quarter valued at about $29,000. Saudi Central Bank bought a new position in shares of Cintas in the 1st quarter valued at about $29,000. Meeder Asset Management Inc. grew its position in shares of Cintas by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 134 shares during the period. Finally, VSM Wealth Advisory LLC bought a new position in shares of Cintas in the 4th quarter valued at about $40,000. Institutional investors own 63.46% of the company’s stock.

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.