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

by · The Cerbat Gem

Cintas (NASDAQ:CTAS – Get Free Report) had its target price dropped by investment analysts at Truist Financial from $225.00 to $215.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s price target points to a potential upside of 15.01% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. The Goldman Sachs Group lifted their price target on Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Barclays increased their price target on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. UBS Group boosted their price objective on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Robert W. Baird decreased their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Wells Fargo & Company dropped their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $195.90.

View Our Latest Analysis on Cintas

Cintas Stock Up 2.3 %

Shares of Cintas stock opened at $186.94 on Friday. The company’s fifty day simple moving average is $214.31 and its two-hundred day simple moving average is $203.21. Cintas has a 12-month low of $142.18 and a 12-month high of $228.12. 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 company has a market cap of $75.39 billion, a P/E ratio of 47.21, a PEG ratio of 4.15 and a beta of 1.33.

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

Institutional Trading of Cintas

Several large investors have recently modified their holdings of CTAS. LGT Financial Advisors LLC boosted its position in Cintas by 311.1% in the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock worth $26,000 after purchasing an additional 28 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Cintas by 341.4% in the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 99 shares during the last quarter. Hollencrest Capital Management grew its position in Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 104 shares during the period. Addison Advisors LLC increased its holdings in Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after buying an additional 114 shares during the last quarter. Finally, Grove Bank & Trust raised its position in Cintas by 1,340.0% in the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after acquiring an additional 134 shares during the period. Institutional investors own 63.46% of the company’s stock.

About Cintas

(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.

See Also