Cintas Co. (NASDAQ:CTAS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Cintas Co. (NASDAQ:CTAS) have earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $661.21.

A number of brokerages have weighed in on CTAS. Truist Financial upped their price target on shares of Cintas from $660.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Bank of America raised their target price on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada boosted their target price on Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th.

Cintas Stock Performance

Shares of CTAS opened at $674.04 on Tuesday. The firm has a market cap of $68.33 billion, a price-to-earnings ratio of 46.55, a PEG ratio of 3.88 and a beta of 1.27. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $652.54 and its two-hundred day moving average is $598.66. Cintas has a 52-week low of $456.57 and a 52-week high of $704.84.

Shares of Cintas are set to split on the morning of Thursday, September 12th. The 4-1 split was announced on Thursday, May 2nd. The newly created shares will be payable to shareholders after the closing bell on Wednesday, September 11th.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the business posted $3.14 EPS. Cintas’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Cintas will post 14.95 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Tuesday, May 14th. Cintas’s dividend payout ratio (DPR) is presently 37.29%.

Institutional Trading of Cintas

Institutional investors have recently modified their holdings of the business. Columbus Macro LLC increased its position in shares of Cintas by 1.2% during the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock worth $871,000 after acquiring an additional 17 shares in the last quarter. Quent Capital LLC increased its holdings in Cintas by 22.8% during the 4th quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock worth $59,000 after purchasing an additional 18 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Cintas by 5.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 349 shares of the business services provider’s stock worth $240,000 after purchasing an additional 18 shares in the last quarter. Greenleaf Trust raised its stake in shares of Cintas by 1.0% in the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock worth $913,000 after purchasing an additional 19 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of Cintas by 33.9% in the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Company Profile

Cintas Corporation provides 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.