UBS Group Issues Positive Forecast for Cintas (NASDAQ:CTAS) Stock Price

Cintas (NASDAQ:CTAS) had its price objective hoisted by UBS Group from $218.00 to $240.00 in a research note published on Thursday,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Other research analysts have also issued reports about the company. Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Truist Financial lifted their price objective on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group lowered their target price on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Robert W. Baird lifted their price target on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Citigroup assumed coverage on shares of Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Cintas currently has an average rating of “Hold” and an average price target of $207.57.

Cintas Price Performance

Cintas stock opened at $206.25 on Thursday. The firm has a market capitalization of $83.23 billion, a P/E ratio of 49.73, a PEG ratio of 3.98 and a beta of 1.41. The business has a 50-day moving average of $200.91 and a 200-day moving average of $208.87. 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 has a 1 year low of $162.16 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.84 earnings per share. On average, equities analysts anticipate 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 paid a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. Cintas’s dividend payout ratio is 36.11%.

Institutional Investors Weigh In On Cintas

A number of institutional investors and hedge funds 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 $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Cintas in the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the 4th quarter valued at about $31,000. IAG Wealth Partners LLC grew its holdings in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after purchasing an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas during the fourth quarter worth approximately $34,000. Institutional investors own 63.46% of the company’s stock.

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.