Shares of Cintas Co. (NASDAQ:CTAS) have received an average rating of “Hold” from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $243.45.

A number of brokerages have issued reports on CTAS. Morgan Stanley upped their target price on Cintas from $171.00 to $174.00 and gave the stock an “underweight” rating in a report on Thursday, May 14th. Zacks Investment Research cut Cintas from a “hold” rating to a “sell” rating and set a $240.00 target price for the company. in a report on Friday, May 15th. William Blair cut Cintas from an “outperform” rating to a “market perform” rating in a report on Monday, April 6th. Stifel Nicolaus upped their target price on Cintas from $157.00 to $160.00 and gave the stock a “hold” rating in a report on Thursday, May 14th. Finally, Robert W. Baird cut Cintas from an “outperform” rating to a “neutral” rating and set a $175.00 target price for the company. in a report on Friday, March 20th.

CTAS traded up $2.75 on Tuesday, reaching $266.36. The stock had a trading volume of 685,037 shares, compared to its average volume of 806,755. Cintas has a fifty-two week low of $154.33 and a fifty-two week high of $304.81. The firm has a 50-day moving average of $255.68 and a 200-day moving average of $249.21. The company has a current ratio of 2.34, a quick ratio of 2.01 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $27.71 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 4.02 and a beta of 1.44.

Several institutional investors have recently made changes to their positions in CTAS. Norges Bank bought a new position in Cintas in the fourth quarter worth approximately $220,839,000. Goldman Sachs Group Inc. boosted its holdings in Cintas by 27.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,173,929 shares of the business services provider’s stock worth $315,881,000 after acquiring an additional 252,634 shares in the last quarter. Korea Investment CORP boosted its holdings in Cintas by 426.7% in the first quarter. Korea Investment CORP now owns 251,775 shares of the business services provider’s stock worth $43,612,000 after acquiring an additional 203,975 shares in the last quarter. Ardevora Asset Management LLP boosted its holdings in Cintas by 48,100.0% in the first quarter. Ardevora Asset Management LLP now owns 192,800 shares of the business services provider’s stock worth $33,397,000 after acquiring an additional 192,400 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt boosted its holdings in Cintas by 208.4% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 257,500 shares of the business services provider’s stock worth $44,602,000 after acquiring an additional 174,000 shares in the last quarter. Institutional investors own 63.60% of the company’s stock.

About Cintas

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

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Analyst Recommendations for Cintas (NASDAQ:CTAS)

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