Cintas Given Average Recommendation of “Buy” by Analysts (NASDAQ:CTAS)
Shares of Cintas (NASDAQ:CTAS) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the company, AnalystRatings.NET reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $63.86.
A number of analysts have recently weighed in on CTAS shares. Analysts at Zacks reiterated a “neutral” rating on shares of Cintas in a research note on Friday. They now have a $67.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cintas in a research note on Thursday. They now have a $69.00 price target on the stock, up previously from $65.00. Finally, analysts at Bank of America reiterated a “positive” rating on shares of Cintas in a research note on Wednesday.
Shares of Cintas (NASDAQ:CTAS) opened at 64.04 on Tuesday. Cintas has a 52 week low of $46.84 and a 52 week high of $64.91. The stock has a 50-day moving average of $63.26 and a 200-day moving average of $60.16. The company has a market cap of $7.495 billion and a price-to-earnings ratio of 20.80.
Cintas (NASDAQ:CTAS) last released its earnings data on Tuesday, July 15th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.69 earnings per share. Cintas’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Cintas will post $3.09 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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