Robert W. Baird reaffirmed their outperform rating on shares of Cintas (NASDAQ:CTAS) in a report released on Friday, The Fly reports. They currently have a $185.00 price target on the business services provider’s stock, up from their prior price target of $165.00.

A number of other brokerages have also issued reports on CTAS. KeyCorp reiterated an overweight rating and issued a $174.00 price target (up previously from $148.00) on shares of Cintas in a report on Tuesday, December 19th. Zacks Investment Research upgraded Cintas from a hold rating to a buy rating and set a $179.00 price target for the company in a report on Tuesday, December 19th. JPMorgan Chase & Co. reiterated a buy rating and issued a $183.00 price target on shares of Cintas in a report on Friday. BidaskClub upgraded Cintas from a sell rating to a hold rating in a report on Tuesday, December 5th. Finally, Royal Bank of Canada reiterated a hold rating and issued a $145.00 price target on shares of Cintas in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $153.64.

Shares of Cintas (NASDAQ:CTAS) opened at $156.85 on Friday. The firm has a market capitalization of $16,971.50, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88. Cintas has a 52 week low of $112.96 and a 52 week high of $163.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.84.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Cintas had a return on equity of 21.25% and a net margin of 8.57%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share. equities analysts predict that Cintas will post 5.37 EPS for the current fiscal year.

The firm also recently disclosed an annual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were issued a dividend of $1.62 per share. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 9th. This is a positive change from Cintas’s previous annual dividend of $1.33. Cintas’s dividend payout ratio is currently 32.27%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Mountain Capital Investment Advisors Inc acquired a new stake in Cintas during the 2nd quarter worth about $120,000. Parallel Advisors LLC grew its position in Cintas by 4.4% during the 2nd quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock worth $121,000 after purchasing an additional 38 shares during the period. QS Investors LLC grew its position in Cintas by 1.0% during the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares during the period. YorkBridge Wealth Partners LLC grew its position in Cintas by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after purchasing an additional 33 shares during the period. Finally, Paradigm Asset Management Co. LLC grew its position in Cintas by 4.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock worth $151,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 66.75% of the company’s stock.

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Cintas 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.

The Fly

Analyst Recommendations for Cintas (NASDAQ:CTAS)

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