BidaskClub Lowers Cintas (CTAS) to Buy

BidaskClub lowered shares of Cintas (NASDAQ:CTAS) from a strong-buy rating to a buy rating in a report published on Wednesday morning.

CTAS has been the subject of a number of other research reports. Morgan Stanley lifted their price target on Cintas from $178.00 to $183.00 and gave the company a sell rating in a research report on Wednesday, September 26th. Robert W. Baird set a $235.00 price target on Cintas and gave the company a buy rating in a research report on Tuesday, October 30th. Zacks Investment Research downgraded Cintas from a hold rating to a sell rating in a research report on Monday, September 24th. Royal Bank of Canada started coverage on Cintas in a research report on Monday, November 26th. They issued an outperform rating for the company. Finally, Barclays boosted their target price on Cintas from $210.00 to $235.00 and gave the stock an overweight rating in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $202.17.

Shares of CTAS opened at $171.40 on Wednesday. The stock has a market cap of $19.01 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. The company has a quick ratio of 2.65, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. Cintas has a 12-month low of $147.38 and a 12-month high of $217.34.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.13. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.68 billion. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $1.45 EPS. On average, equities analysts forecast that Cintas will post 7.24 earnings per share for the current year.

The company also recently announced an annual dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were given a $2.05 dividend. This is an increase from Cintas’s previous annual dividend of $1.62. The ex-dividend date was Thursday, November 8th. This represents a yield of 1.13%. Cintas’s payout ratio is presently 34.51%.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Cintas by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 9,605,402 shares of the business services provider’s stock worth $1,900,044,000 after buying an additional 48,586 shares during the last quarter. BlackRock Inc. lifted its position in Cintas by 0.8% in the 3rd quarter. BlackRock Inc. now owns 5,780,091 shares of the business services provider’s stock worth $1,143,358,000 after buying an additional 47,624 shares during the last quarter. FMR LLC lifted its position in Cintas by 15.9% in the 2nd quarter. FMR LLC now owns 2,507,776 shares of the business services provider’s stock worth $464,114,000 after buying an additional 344,359 shares during the last quarter. Brown Advisory Inc. lifted its position in Cintas by 4.2% in the 3rd quarter. Brown Advisory Inc. now owns 1,666,090 shares of the business services provider’s stock worth $329,569,000 after buying an additional 66,476 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Cintas by 0.9% in the 3rd quarter. Bessemer Group Inc. now owns 1,308,293 shares of the business services provider’s stock worth $258,793,000 after purchasing an additional 11,196 shares during the period. Institutional investors own 66.37% of the company’s stock.

Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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Analyst Recommendations for Cintas (NASDAQ:CTAS)

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