Cintas Reaches New 52-Week High at $66.88 (CTAS)
Cintas (NASDAQ:CTAS) reached a new 52-week high during mid-day trading on Tuesday , Analyst Ratings Net reports. The company traded as high as $66.88 and last traded at $66.37, with a volume of 146,154 shares trading hands. The stock had previously closed at $66.14.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $63.86.
The stock has a 50-day moving average of $64.43 and a 200-day moving average of $61.50. The company has a market cap of $7.756 billion and a P/E ratio of 21.69.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. 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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