Oppenheimer reaffirmed their hold rating on shares of Cintas (NASDAQ:CTAS) in a research note released on Friday, December 22nd. Oppenheimer also issued estimates for Cintas’ Q3 2018 earnings at $1.24 EPS, FY2018 earnings at $5.42 EPS and FY2019 earnings at $6.00 EPS.
Several other equities analysts also recently issued reports on the stock. Robert W. Baird restated an outperform rating and set a $185.00 price objective (up previously from $165.00) on shares of Cintas in a report on Friday, December 22nd. JPMorgan Chase & Co. reiterated a buy rating and issued a $183.00 target price on shares of Cintas in a research report on Friday, December 22nd. Zacks Investment Research upgraded Cintas from a hold rating to a buy rating and set a $179.00 target price on the stock in a research report on Tuesday, December 19th. KeyCorp reiterated an overweight rating and issued a $174.00 target price (up previously from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. Finally, BidaskClub upgraded Cintas from a sell rating to a hold rating in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $153.73.
Shares of Cintas (CTAS) opened at $160.46 on Friday. The stock has a market cap of $17,060.00, a price-to-earnings ratio of 35.90, a PEG ratio of 2.48 and a beta of 0.87. Cintas has a one year low of $112.96 and a one year high of $163.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.53 and a current ratio of 1.77.
Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.04. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The firm’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. sell-side analysts predict that Cintas will post 5.44 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in CTAS. Parallel Advisors LLC raised its stake in Cintas by 4.4% in the 2nd quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 38 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Cintas in the 2nd quarter valued at $120,000. QS Investors LLC raised its stake in Cintas by 1.0% in the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 10 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in Cintas by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 33 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its stake in Cintas by 4.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.
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Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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