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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.