Cintas Sets New 12-Month High at $65.29 (CTAS)
Cintas (NASDAQ:CTAS)’s share price reached a new 52-week high during trading on Monday , AnalystRatings.NET reports. The stock traded as high as $65.29 and last traded at $65.17, with a volume of 244,140 shares trading hands. The stock had previously closed at $64.40.
A number of research firms have recently commented on CTAS. Analysts at Zacks reiterated a “neutral” rating on shares of Cintas in a research note on Friday, July 18th. 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, July 17th. 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, July 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $63.86.
The stock’s 50-day moving average is $63.50 and its 200-day moving average is $60.61. The company has a market cap of $7.566 billion and a price-to-earnings ratio of 21.11.
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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