Cintas Corp. Stock Rating Reaffirmed by Jefferies Group (CTAS)
Cintas Corp. (NASDAQ:CTAS)‘s stock had its “hold” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Friday, AnalystRatings.Net reports. They currently have a $54.00 target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 5.35% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “hold” rating on shares of Cintas Corp. (NASDAQ:CTAS) in a research note to investors on Friday. They now have a $50.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Cintas Corp. (NASDAQ:CTAS) from $50.00 to $54.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Cintas Corp. (NASDAQ:CTAS) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 2nd.
Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.71.
Cintas Corp. (NASDAQ:CTAS) traded up 0.73% on Friday, hitting $51.26. 2,236,408 shares of the company’s stock traded hands. Cintas Corp. has a one year low of $39.22 and a one year high of $52.21. The stock’s 50-day moving average is $48.97 and its 200-day moving average is $46.28. The company has a market cap of $6.270 billion and a price-to-earnings ratio of 20.27.
Cintas Corp. (NASDAQ:CTAS) last announced its earnings results on Thursday, September 19th. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.63. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.60 earnings per share. Cintas Corp.’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Cintas Corp. will post $2.72 earnings per share for the current fiscal year.
Cintas Corporation (NASDAQ:CTAS) provides specialized products and services to businesses of all types throughout the North America, Latin America, Europe and Asia.
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