Cintas Hits New 12-Month High at $64.31 (CTAS)
Cintas (NASDAQ:CTAS) shares hit a new 52-week high during trading on Friday , American Banking News reports. The stock traded as high as $64.31 and last traded at $64.24, with a volume of 312,794 shares. The stock had previously closed at $63.86.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cintas in a research note on Wednesday. They now have a $67.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Cintas from $69.00 to $70.00 in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Cintas currently has an average rating of “Hold” and an average target price of $61.71.
The stock’s 50-day moving average is $61.5 and its 200-day moving average is $59.13. The company has a market cap of $7.704 billion and a price-to-earnings ratio of 23.65.
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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