Analysts Set Cintas Co. (NASDAQ:CTAS) PT at $199.79

Cintas Co. (NASDAQ:CTAS) has been given an average recommendation of “Hold” by the fourteen research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $210.58.

Several analysts have recently commented on the company. Robert W. Baird raised their target price on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research report on Thursday. Truist Financial upped their target price on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group increased their price target on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research report on Thursday.

Cintas Price Performance

NASDAQ CTAS opened at $206.25 on Friday. Cintas has a 1 year low of $162.16 and a 1 year high of $228.12. The stock’s 50-day moving average price is $200.91 and its two-hundred day moving average price is $208.87. The company has a market cap of $83.23 billion, a PE ratio of 49.73, a PEG ratio of 3.98 and a beta of 1.41. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last released 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. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the business earned $3.84 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that Cintas will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio is currently 36.11%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new stake in Cintas during the fourth quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas in the fourth quarter worth $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Cintas during the 4th quarter worth $31,000. IAG Wealth Partners LLC grew its stake in Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Cintas in the 4th quarter worth $34,000. 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.