Cintas (NASDAQ:CTAS) Given New $196.00 Price Target at Wells Fargo & Company

Cintas (NASDAQ:CTAS) had its target price increased by research analysts at Wells Fargo & Company from $184.00 to $196.00 in a research report issued on Thursday, March 27th,Benzinga reports. The firm presently has an “underweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective points to a potential downside of 5.51% from the company’s current price.

Other equities analysts have also issued research reports about the company. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Truist Financial dropped their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Citigroup began coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Robert W. Baird reduced their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $210.58.

Cintas Trading Down 0.6 %

CTAS traded down $1.24 on Thursday, hitting $207.43. 867,677 shares of the company were exchanged, compared to its average volume of 1,629,678. The stock has a market capitalization of $83.71 billion, a PE ratio of 50.01, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The firm has a fifty day simple moving average of $201.48 and a two-hundred day simple moving average of $204.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. Cintas has a 12 month low of $162.16 and a 12 month high of $228.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.84 EPS. Sell-side analysts expect that Cintas will post 4.31 earnings per share for the current year.

Hedge Funds Weigh In On Cintas

Several institutional investors and hedge funds have recently bought and sold shares of CTAS. MJP Associates Inc. ADV increased its holdings in Cintas by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider’s stock worth $441,000 after acquiring an additional 50 shares in the last quarter. Guardian Wealth Advisors LLC increased its stake in shares of Cintas by 3.1% in the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares in the last quarter. MGB Wealth Management LLC raised its position in shares of Cintas by 0.7% during the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after purchasing an additional 52 shares during the period. TIAA Trust National Association lifted its stake in shares of Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after buying an additional 52 shares in the last quarter. Finally, Wellspring Financial Advisors LLC lifted its stake in shares of Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock valued at $214,000 after buying an additional 52 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

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.