Cintas (NASDAQ:CTAS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Cintas (NASDAQ:CTAS) had its price objective increased by analysts at Morgan Stanley from $213.00 to $220.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price would indicate a potential downside of 0.87% from the company’s current price.

Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. assumed coverage on Cintas in a report on Monday, July 14th. They issued an “overweight” rating and a $239.00 price target on the stock. The Goldman Sachs Group boosted their price target on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $240.00 price target (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Finally, Wells Fargo & Company upgraded Cintas from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $224.54.

Cintas Price Performance

Cintas stock opened at $221.94 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.50. The company has a market capitalization of $89.62 billion, a PE ratio of 50.33, a price-to-earnings-growth ratio of 3.54 and a beta of 1.05. Cintas has a one year low of $180.78 and a one year high of $229.24. The business has a 50 day simple moving average of $220.99 and a 200 day simple moving average of $208.21.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $3.99 EPS. On average, sell-side analysts forecast that Cintas will post 4.31 EPS for the current fiscal year.

Institutional Trading of Cintas

A number of large investors have recently bought and sold shares of the business. Brookmont Capital Management lifted its position in Cintas by 9.4% in the 2nd quarter. Brookmont Capital Management now owns 1,257 shares of the business services provider’s stock valued at $280,000 after acquiring an additional 108 shares in the last quarter. Pure Financial Advisors LLC bought a new stake in Cintas during the 2nd quarter valued at $239,000. Robeco Institutional Asset Management B.V. raised its holdings in Cintas by 163.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock valued at $171,132,000 after acquiring an additional 476,336 shares during the period. Woodward Diversified Capital LLC bought a new stake in Cintas during the 2nd quarter valued at $262,000. Finally, Childress Capital Advisors LLC grew its position in shares of Cintas by 17.5% during the 2nd quarter. Childress Capital Advisors LLC now owns 1,335 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 199 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.