Analysts Set Cintas Co. (NASDAQ:CTAS) PT at $198.46

Cintas Co. (NASDAQ:CTAS) has been given an average rating of “Hold” by the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $198.46.

CTAS has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Robert W. Baird cut their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. UBS Group lowered their price objective 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. The Goldman Sachs Group cut their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, Morgan Stanley increased their price target on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

Cintas Price Performance

NASDAQ CTAS opened at $192.65 on Friday. Cintas has a one year low of $144.13 and a one year high of $228.12. The stock has a 50-day moving average of $207.61 and a 200 day moving average of $204.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The company has a market capitalization of $77.70 billion, a price-to-earnings ratio of 48.65, a PEG ratio of 4.15 and a beta of 1.37.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share 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 firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the company earned $3.61 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Cintas will post 4.23 EPS 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 paid a $0.39 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.81%. Cintas’s payout ratio is 37.59%.

Hedge Funds Weigh In On Cintas

Several hedge funds have recently modified their holdings of the stock. LGT Financial Advisors LLC lifted its stake in Cintas by 311.1% in the 2nd 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 in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Cintas by 226.7% in the second quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock worth $34,000 after buying an additional 34 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in Cintas during the second quarter valued at approximately $56,000. Quarry LP grew its holdings in Cintas by 500.0% during the 2nd quarter. Quarry LP now owns 108 shares of the business services provider’s stock valued at $76,000 after buying an additional 90 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors 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.