UBS Group Boosts Cintas (NASDAQ:CTAS) Price Target to $790.00

Cintas (NASDAQ:CTAS) had its price target raised by stock analysts at UBS Group from $680.00 to $790.00 in a report released on Thursday, StockNewsAPI reports. The firm currently has a “buy” rating on the business services provider’s stock. UBS Group’s price target would indicate a potential upside of 14.76% from the company’s previous close.

CTAS has been the topic of several other research reports. Bank of America lifted their price target on Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus lifted their price target on Cintas from $526.00 to $585.00 and gave the stock a “hold” rating in a report on Friday, December 22nd. Barclays lifted their price target on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Robert W. Baird lifted their price target on Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $641.93.

Cintas Price Performance

CTAS stock traded up $2.73 during midday trading on Thursday, reaching $688.37. The stock had a trading volume of 49,607 shares, compared to its average volume of 331,243. The company’s fifty day simple moving average is $619.05 and its 200 day simple moving average is $566.70. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.62. The company has a market cap of $69.78 billion, a price-to-earnings ratio of 49.53, a price-to-earnings-growth ratio of 3.67 and a beta of 1.27. Cintas has a 52-week low of $438.59 and a 52-week high of $704.84.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.26. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Cintas had a return on equity of 36.78% and a net margin of 15.57%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.14 EPS. As a group, sell-side analysts predict that Cintas will post 14.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cintas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTAS. Janiczek Wealth Management LLC boosted its holdings in shares of Cintas by 113.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 26 shares during the period. Quarry LP boosted its holdings in shares of Cintas by 221.1% in the first quarter. Quarry LP now owns 61 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 42 shares during the period. DSM Capital Partners LLC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $40,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Cintas by 41.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 68 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 20 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Cintas in the fourth quarter valued at approximately $44,000. 63.46% of the stock is owned by institutional investors and hedge funds.

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.