Cintas (NASDAQ:CTAS) Price Target Raised to $233.00 at The Goldman Sachs Group

Cintas (NASDAQ:CTAS) had its price target increased by stock analysts at The Goldman Sachs Group from $211.00 to $233.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 12.57% from the company’s previous close.

CTAS has been the topic of a number of other research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Thursday. UBS Group raised their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird upped their target price on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company lifted their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $207.57.

Cintas Stock Performance

Shares of Cintas stock traded up $2.27 during trading on Thursday, hitting $206.98. 781,597 shares of the company’s stock traded hands, compared to its average volume of 1,540,351. Cintas has a 1 year low of $162.16 and a 1 year high of $228.12. The business has a 50-day simple moving average of $200.75 and a 200-day simple moving average of $208.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The stock has a market capitalization of $83.52 billion, a P/E ratio of 49.96, a PEG ratio of 3.98 and a beta of 1.41.

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

Institutional Investors Weigh In On Cintas

Large investors have recently made changes to their positions in the company. DSG Capital Advisors LLC purchased a new stake in shares of Cintas during the 4th quarter worth approximately $958,000. 111 Capital purchased a new stake in Cintas during the fourth quarter valued at $4,653,000. Smith Shellnut Wilson LLC ADV lifted its position in Cintas by 8.2% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 5,768 shares of the business services provider’s stock valued at $1,054,000 after purchasing an additional 436 shares during the last quarter. Park Square Financial Group LLC bought a new position in Cintas during the fourth quarter valued at $69,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Cintas in the 4th quarter worth $66,909,000. 63.46% of the stock is owned by institutional investors.

About Cintas

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.