Cintas Corp. Stock Rating Reaffirmed by RBC Capital (CTAS)
Cintas Corp. (NASDAQ:CTAS)‘s stock had its “buy” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a $51.00 price target on the stock. RBC Capital’s target price would indicate a potential downside of 0.51% from the stock’s previous close.
Cintas Corp. (NASDAQ:CTAS) traded up 0.73% during mid-day trading on Friday, hitting $51.26. 2,236,408 shares of the company’s stock traded hands. Cintas Corp. has a 1-year low of $39.22 and a 1-year high of $52.21. The stock has a 50-day moving average of $48.97 and a 200-day moving average of $46.28. The company has a market cap of $6.270 billion and a P/E ratio of 20.27.
Cintas Corp. (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, September 19th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that Cintas Corp. will post $2.72 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CTAS. Analysts at Jefferies Group reiterated a “hold” rating on shares of Cintas Corp. (NASDAQ:CTAS) in a research note to investors on Friday. They now have a $54.00 price target on the stock. Separately, 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. Finally, 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.
Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $50.71.
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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