Trade Report: Today: Brokerages give average Rating of “Hold” to Cintas Corp. (CTAS)

Today: Brokerages give average Rating of “Hold” to Cintas Corp. (CTAS)

Shares of Cintas Corp. (NASDAQ:CTAS) have been assigned a consensus rating of “Hold” from the eleven research firms that are covering the company. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $117.50.

CTAS has been the topic of a number of recent research reports. Barclays PLC restated an “overweight” rating and issued a $130.00 price target on shares of Cintas Corp. in a research report on Friday, September 30th. KeyCorp raised their price target on shares of Cintas Corp. from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, October 3rd. Zacks Investment Research downgraded shares of Cintas Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Morgan Stanley set a $87.00 price target on shares of Cintas Corp. and gave the stock a “sell” rating in a research report on Wednesday, September 28th. Finally, Macquarie initiated coverage on shares of Cintas Corp. in a research report on Thursday, August 25th. They issued a “neutral” rating and a $130.00 price target on the stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont bought a new position in Cintas Corp. during the third quarter valued at approximately $118,000. Parasol Investment Management LLC boosted its position in shares of Cintas Corp. by 19.2% in the third quarter. Parasol Investment Management LLC now owns 1,054 shares of the company’s stock valued at $119,000 after buying an additional 170 shares in the last quarter. First Personal Financial Services boosted its position in shares of Cintas Corp. by 38.1% in the second quarter. First Personal Financial Services now owns 1,105 shares of the company’s stock valued at $108,000 after buying an additional 305 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Cintas Corp. by 50.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,128 shares of the company’s stock valued at $111,000 after buying an additional 377 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock valued at $106,000 after buying an additional 9 shares in the last quarter. 65.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cintas Corp. (NASDAQ:CTAS) traded down 0.17% on Monday, reaching $116.29. 214,106 shares of the company’s stock traded hands. The company has a 50 day moving average price of $108.33 and a 200 day moving average price of $105.15. Cintas Corp. has a 52 week low of $80.00 and a 52 week high of $119.94. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 17.48 and a beta of 0.86.

Cintas Corp. (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.60%. The firm had revenue of $1.29 billion for the quarter. During the same quarter last year, the company earned $0.93 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that Cintas Corp. will post $4.60 earnings per share for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 4th will be paid a dividend of $1.33 per share. This is a boost from Cintas Corp.’s previous annual dividend of $1.05. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a yield of 1.23%. Cintas Corp.’s dividend payout ratio (DPR) is presently 20.24%.

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