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Equities researchers at Jefferies Group upped their price objective on shares of Cintas (NASDAQ:CTAS) from $69.00 to $70.00 in a research report issued on Thursday. Jefferies Group’s price target would suggest a potential upside of 12.58% from the stock’s previous close.

Cintas (NASDAQ:CTAS) traded up 0.68% on Thursday, hitting $62.60. 213,426 shares of the company’s stock traded hands. Cintas has a 52-week low of $44.55 and a 52-week high of $63.28. The stock’s 50-day moving average is $59.87 and its 200-day moving average is $58.51. The company has a market cap of $7.524 billion and a P/E ratio of 23.03.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 19th. The company reported $0.69 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.69. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Cintas will post $2.78 EPS for the current fiscal year.

CTAS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Cintas in a research note on Monday, March 24th. They now have a $63.00 price target on the stock. Analysts at RBC Capital raised their price target on shares of Cintas from $60.00 to $64.00 in a research note on Thursday, March 20th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Cintas currently has a consensus rating of “Hold” and a consensus target price of $61.14.

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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