Cintas (NASDAQ:CTAS) Given New $233.00 Price Target at The Goldman Sachs Group

Cintas (NASDAQ:CTAS) had its target price raised by The Goldman Sachs Group from $211.00 to $233.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 14.65% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. UBS Group boosted their price target on Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird raised their price objective on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company lifted their target price on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Truist Financial increased their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus price target of $210.58.

Cintas Trading Down 1.5 %

Cintas stock opened at $203.22 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock has a market cap of $82.01 billion, a PE ratio of 49.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The stock has a 50-day moving average of $201.01 and a two-hundred day moving average of $208.88. Cintas has a one year low of $162.16 and a one year high of $228.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $3.84 EPS. On average, research analysts anticipate that Cintas will post 4.31 EPS for the current fiscal year.

Institutional Trading of Cintas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in shares of Cintas during the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC purchased a new position in Cintas during the fourth quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the fourth quarter valued at approximately $31,000. IAG Wealth Partners LLC grew its holdings in Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas in the fourth quarter valued at approximately $34,000. 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.