Cintas (NASDAQ:CTAS – Get Free Report) had its price objective lifted by research analysts at Stifel Nicolaus from $512.00 to $521.00 in a note issued to investors on Friday, FlyOnTheWall reports. Stifel Nicolaus’ target price would suggest a potential upside of 4.96% from the company’s current price.
Other analysts also recently issued reports about the company. Argus upped their price objective on Cintas from $500.00 to $510.00 in a report on Thursday, March 30th. StockNews.com assumed coverage on shares of Cintas in a report on Thursday, May 18th. They issued a “buy” rating for the company. Royal Bank of Canada restated an “outperform” rating and set a $525.00 price objective on shares of Cintas in a research note on Thursday, March 30th. UBS Group began coverage on shares of Cintas in a research note on Wednesday, May 31st. They issued a “buy” rating and a $550.00 price target on the stock. Finally, Citigroup started coverage on shares of Cintas in a research note on Thursday, April 27th. They set a “buy” rating and a $540.00 price objective on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $523.29.
Cintas Trading Up 0.4 %
NASDAQ:CTAS opened at $496.36 on Friday. The company has a market capitalization of $50.48 billion, a PE ratio of 38.24, a P/E/G ratio of 3.03 and a beta of 1.32. The stock’s 50 day moving average price is $480.22 and its 200 day moving average price is $457.64. The company has a quick ratio of 1.71, a current ratio of 2.39 and a debt-to-equity ratio of 0.64. Cintas has a 52-week low of $370.93 and a 52-week high of $498.74.
Institutional Trading of Cintas
Several institutional investors have recently added to or reduced their stakes in CTAS. Fiduciary Alliance LLC bought a new stake in Cintas during the fourth quarter worth $27,000. Quarry LP increased its position in Cintas by 221.1% during the 1st quarter. Quarry LP now owns 61 shares of the business services provider’s stock worth $28,000 after purchasing an additional 42 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Cintas by 680.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 78 shares of the business services provider’s stock worth $35,000 after purchasing an additional 68 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of Cintas during the fourth quarter worth $36,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Cintas during the first quarter worth $36,000. 62.04% of the stock is currently owned by institutional investors.
Cintas Company Profile
Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other 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, as well as sells uniforms.
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