Truist Financial Cuts Cintas (NASDAQ:CTAS) Price Target to $215.00

by · The Markets Daily

Cintas (NASDAQ:CTAS – Free Report) had its target price trimmed by Truist Financial from $225.00 to $215.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other equities research analysts also recently issued reports on the company. The Goldman Sachs Group increased their price target on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. UBS Group raised their price target on Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research note on Friday. Robert W. Baird reduced their price objective on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Jefferies Financial Group dropped their target price on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $195.90.

View Our Latest Stock Analysis on Cintas

Cintas Stock Performance

Shares of CTAS stock opened at $186.94 on Friday. Cintas has a 52 week low of $142.18 and a 52 week high of $228.12. The company has a market capitalization of $75.39 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 4.15 and a beta of 1.33. The company has a 50-day simple moving average of $214.31 and a 200 day simple moving average of $202.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53.

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

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, November 15th. Cintas’s payout ratio is 39.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LGT Financial Advisors LLC grew its stake 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 acquiring an additional 28 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Cintas by 226.7% during the second quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 34 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of Cintas by 133.3% in the 2nd quarter. Crewe Advisors LLC now owns 56 shares of the business services provider’s stock worth $39,000 after buying an additional 32 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Cintas during the 2nd quarter valued at $51,000. Finally, Anfield Capital Management LLC bought a new position in Cintas during the second quarter valued at about $53,000. 63.46% of the stock is owned by institutional investors.

Cintas Company Profile

(Get Free Report)

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.

Featured Articles