Shares of Cintas Corporation (NASDAQ:CTAS) have earned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $135.40.

A number of analysts have weighed in on CTAS shares. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research report on Monday, July 10th. Robert W. Baird set a $152.00 price target on Cintas Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the stock a “hold” rating in a research note on Friday, July 21st. Finally, Instinet lowered Cintas Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $142.00 to $130.00 in a research note on Tuesday, June 27th.

Cintas Corporation (CTAS) traded down 0.33% during midday trading on Friday, reaching $134.56. The company’s stock had a trading volume of 320,775 shares. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $139.74. The firm has a 50 day moving average price of $133.16 and a 200 day moving average price of $125.94. The firm has a market capitalization of $14.19 billion, a PE ratio of 30.67 and a beta of 0.85.

Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.30. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company earned $1.08 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. On average, analysts predict that Cintas Corporation will post $5.23 EPS for the current year.

In other news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the transaction, the director now owns 13,135 shares of the company’s stock, valued at $1,756,018.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $130.75, for a total value of $104,600.00. Following the transaction, the chief financial officer now directly owns 54,370 shares in the company, valued at approximately $7,108,877.50. The disclosure for this sale can be found here. Corporate insiders own 19.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank raised its position in Cintas Corporation by 26.2% in the second quarter. Toronto Dominion Bank now owns 29,293 shares of the business services provider’s stock valued at $3,692,000 after buying an additional 6,073 shares during the last quarter. WINTON GROUP Ltd bought a new position in Cintas Corporation during the second quarter valued at $2,027,000. Mountain Capital Investment Advisors Inc bought a new position in Cintas Corporation during the second quarter valued at $120,000. Covington Capital Management bought a new position in Cintas Corporation during the second quarter valued at $209,000. Finally, Colony Group LLC raised its position in Cintas Corporation by 85.6% in the second quarter. Colony Group LLC now owns 3,665 shares of the business services provider’s stock valued at $462,000 after buying an additional 1,690 shares during the last quarter. 66.40% of the stock is currently owned by hedge funds and other institutional investors.

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Cintas Corporation Company Profile

Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.

Analyst Recommendations for Cintas Corporation (NASDAQ:CTAS)

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