ValuEngine downgraded shares of Cintas (NASDAQ:CTAS) from a buy rating to a hold rating in a report released on Friday.
Other analysts have also issued reports about the company. Bank of America began coverage on Cintas in a research note on Tuesday, October 23rd. They issued a neutral rating and a $200.00 price objective on the stock. Credit Suisse Group began coverage on Cintas in a research note on Friday, August 10th. They issued a neutral rating and a $205.00 price objective on the stock. BidaskClub lowered Cintas from a strong-buy rating to a buy rating in a research note on Wednesday. Royal Bank of Canada began coverage on Cintas in a research note on Monday, November 19th. They issued an outperform rating and a $215.00 price objective on the stock. Finally, Zacks Investment Research lowered Cintas from a buy rating to a hold rating in a research note on Tuesday, November 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $202.17.
NASDAQ:CTAS traded down $6.43 during trading hours on Friday, hitting $171.40. The company’s stock had a trading volume of 816,384 shares, compared to its average volume of 504,333. The firm has a market capitalization of $19.01 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. The company has a quick ratio of 2.65, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. Cintas has a twelve month low of $147.38 and a twelve month high of $217.34.
Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Tuesday, September 25th. The business services provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.13. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. Cintas had a return on equity of 24.13% and a net margin of 12.72%. Cintas’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. On average, analysts anticipate that Cintas will post 7.24 EPS for the current fiscal year.
The company also recently declared an annual dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 9th were paid a dividend of $2.05 per share. This represents a dividend yield of 1.13%. This is a positive change from Cintas’s previous annual dividend of $1.62. The ex-dividend date of this dividend was Thursday, November 8th. Cintas’s dividend payout ratio (DPR) is presently 34.51%.
Hedge funds have recently made changes to their positions in the company. Fort L.P. acquired a new stake in shares of Cintas during the second quarter valued at about $118,000. Polaris Greystone Financial Group LLC acquired a new stake in shares of Cintas during the third quarter valued at about $154,000. Piedmont Investment Advisors LLC acquired a new position in shares of Cintas in the second quarter worth approximately $181,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Cintas in the third quarter worth approximately $184,000. Finally, Ropes Wealth Advisors LLC acquired a new position in shares of Cintas in the second quarter worth approximately $185,000. 66.37% of the stock is currently owned by hedge funds and other institutional investors.
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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