Cintas Corporation (CTAS) Receives Consensus Recommendation of “Hold” from Analysts
Cintas Corporation (NASDAQ:CTAS) has received a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $141.75.
Several research firms have recently issued reports on CTAS. BidaskClub upgraded Cintas from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a report on Tuesday, October 10th. Royal Bank Of Canada restated a “hold” rating and set a $145.00 price objective on shares of Cintas in a report on Monday, November 20th. Robert W. Baird restated an “outperform” rating and set a $165.00 price objective (up previously from $152.00) on shares of Cintas in a report on Thursday, September 28th. Finally, Oppenheimer restated a “hold” rating on shares of Cintas in a report on Wednesday, September 27th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of Cintas by 4.4% in the 2nd quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock worth $121,000 after buying an additional 38 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in Cintas in the second quarter valued at about $120,000. QS Investors LLC raised its position in Cintas by 1.0% in the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 10 shares during the period. YorkBridge Wealth Partners LLC raised its position in Cintas by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 33 shares during the period. Finally, First Personal Financial Services raised its position in Cintas by 0.8% in the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 9 shares during the period. 66.85% of the stock is currently owned by institutional investors and hedge funds.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.18. Cintas had a return on equity of 23.71% and a net margin of 9.79%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The business’s revenue was up 27.2% on a year-over-year basis. sell-side analysts forecast that Cintas will post 5.36 EPS for the current year.
The company also recently announced an annual dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 10th were given a $1.62 dividend. This is a positive change from Cintas’s previous annual dividend of $1.33. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 9th. Cintas’s dividend payout ratio (DPR) is 31.89%.
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.
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