Robert W. Baird Lowers Cintas (NASDAQ:CTAS) Price Target to $200.00

Cintas (NASDAQ:CTAS) had its target price cut by stock analysts at Robert W. Baird from $209.00 to $200.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target points to a potential upside of 6.99% from the stock’s current price.

A number of other equities research analysts also recently weighed in on CTAS. UBS Group lifted their price objective on Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, September 26th. The Goldman Sachs Group increased their price objective on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company boosted their target price on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a research note on Thursday, September 26th. Truist Financial increased their target price on shares of Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada boosted their price target on shares of Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $195.90.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $186.94 on Friday. The firm has a market capitalization of $75.39 billion, a PE ratio of 47.21, a PEG ratio of 4.15 and a beta of 1.33. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Cintas has a 1-year low of $142.18 and a 1-year high of $228.12. The business’s 50 day moving average is $214.31 and its 200-day moving average is $203.21.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 EPS. Sell-side analysts predict that Cintas will post 4.23 earnings per share for the current year.

Hedge Funds Weigh In On Cintas

Several large investors have recently made changes to their positions in the company. LGT Financial Advisors LLC lifted its position in Cintas by 311.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 28 shares during the period. Meeder Asset Management Inc. lifted its holdings in Cintas by 226.7% in the second quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock valued at $34,000 after buying an additional 34 shares during the period. Crewe Advisors LLC boosted its stake in Cintas by 133.3% in the second quarter. Crewe Advisors LLC now owns 56 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 32 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in Cintas during the 2nd quarter worth $51,000. Finally, Anfield Capital Management LLC bought a new stake in shares of Cintas during the 2nd quarter valued at $53,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

About Cintas

Cintas Corporation engages in the provision of 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.