Cintas Co. (NASDAQ:CTAS) Given Consensus Recommendation of “Hold” by Brokerages

Cintas Co. (NASDAQ:CTAS) has received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $198.46.

A number of equities research analysts have recently commented on the stock. Truist Financial reduced their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. UBS Group decreased their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Robert W. Baird dropped their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Jefferies Financial Group reduced their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Finally, Wells Fargo & Company dropped their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th.

Cintas Trading Up 2.1 %

CTAS stock opened at $185.85 on Friday. Cintas has a 12-month low of $143.64 and a 12-month high of $228.12. The business’s 50-day moving average is $209.06 and its 200 day moving average is $203.86. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market cap of $74.95 billion, a price-to-earnings ratio of 46.93, a PEG ratio of 4.15 and a beta of 1.37.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, November 15th. Cintas’s dividend payout ratio is currently 37.59%.

Institutional Trading of Cintas

Several hedge funds have recently made changes to their positions in CTAS. Kornitzer Capital Management Inc. KS lifted its holdings in Cintas by 4.6% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 2,930 shares of the business services provider’s stock worth $2,052,000 after buying an additional 130 shares in the last quarter. MCF Advisors LLC boosted its holdings in Cintas by 16.1% in the second quarter. MCF Advisors LLC now owns 180 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 25 shares during the period. LGT Financial Advisors LLC boosted its holdings in Cintas by 311.1% in the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 28 shares during the period. Arizona State Retirement System grew its stake in Cintas by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 26,473 shares of the business services provider’s stock worth $18,538,000 after purchasing an additional 292 shares in the last quarter. Finally, New York Life Investment Management LLC raised its position in Cintas by 1.1% in the 2nd quarter. New York Life Investment Management LLC now owns 13,140 shares of the business services provider’s stock valued at $9,201,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds 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.