Cintas (CTAS) Earns Outperform Rating from Robert W. Baird
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.
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.
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.
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