Cintas Earns “A” Credit Rating (CTAS)
Cintas (NASDAQ:CTAS) has received an “A” credit rating from Morningstar. The agency’s “A” rating indicates that the company is a low default risk. They also issued a neutral credit outlook for the company and gave their stock a two star rating.
A number of other firms have also 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 given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $63.86.
Cintas (NASDAQ:CTAS) opened at 66.56 on Friday. Cintas has a 1-year low of $47.96 and a 1-year high of $67.11. The stock has a 50-day moving average of $64.74 and a 200-day moving average of $61.69. The company has a market cap of $7.748 billion and a P/E ratio of 21.76.
Cintas (NASDAQ:CTAS) last issued its quarterly 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. Analysts expect that Cintas will post $3.09 EPS 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.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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