Cintas (NASDAQ:CTAS) Price Target Raised to $240.00 at UBS Group

Cintas (NASDAQ:CTAS) had its target price upped by research analysts at UBS Group from $218.00 to $240.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. UBS Group’s target price points to a potential upside of 16.00% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Robert W. Baird upped their price objective on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company increased their target price on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday. Morgan Stanley upped their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research report on Thursday. Finally, Citigroup started coverage on Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $205.21.

Cintas Trading Up 1.1 %

Shares of Cintas stock traded up $2.20 during trading on Thursday, hitting $206.91. 716,112 shares of the company were exchanged, compared to its average volume of 1,540,013. The firm’s fifty day moving average price is $200.75 and its 200 day moving average price is $208.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a market capitalization of $83.50 billion, a P/E ratio of 49.88, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas has a 1-year low of $162.16 and a 1-year high of $228.12.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the business earned $3.84 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts expect that Cintas will post 4.31 earnings per share for the current fiscal year.

Institutional Trading of Cintas

Institutional investors have recently modified their holdings of the company. DSG Capital Advisors LLC acquired a new stake in shares of Cintas in the 4th quarter worth $958,000. 111 Capital purchased a new stake in shares of Cintas during the fourth quarter worth about $4,653,000. Smith Shellnut Wilson LLC ADV increased its holdings in shares of Cintas by 8.2% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 5,768 shares of the business services provider’s stock valued at $1,054,000 after acquiring an additional 436 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Cintas in the 4th quarter worth $69,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Cintas in the 4th quarter valued at about $66,909,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Company Profile

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.