Cintas Co. (NASDAQ:CTAS) – Research analysts at Jefferies Financial Group lifted their FY2021 EPS estimates for shares of Cintas in a research note issued on Thursday, June 25th. Jefferies Financial Group analyst H. Mazari now expects that the business services provider will post earnings of $7.29 per share for the year, up from their prior estimate of $7.28. Jefferies Financial Group also issued estimates for Cintas’ Q4 2022 earnings at $2.18 EPS and FY2022 earnings at $9.40 EPS.
CTAS has been the subject of several other research reports. BidaskClub upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley increased their price objective on shares of Cintas from $171.00 to $174.00 and gave the stock an “underweight” rating in a research report on Thursday, May 14th. Royal Bank of Canada raised their price target on shares of Cintas from $250.00 to $318.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Credit Suisse Group raised their price objective on shares of Cintas from $200.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Stifel Nicolaus lifted their price target on shares of Cintas from $157.00 to $160.00 and gave the stock a “hold” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Cintas has an average rating of “Hold” and a consensus price target of $243.45.
NASDAQ:CTAS opened at $266.36 on Monday. Cintas has a one year low of $154.33 and a one year high of $304.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.01 and a current ratio of 2.34. The firm has a market cap of $27.71 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 4.02 and a beta of 1.44. The firm’s fifty day moving average is $255.68 and its two-hundred day moving average is $249.21.
Large investors have recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC boosted its stake in Cintas by 2.4% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,791 shares of the business services provider’s stock worth $482,000 after buying an additional 42 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Cintas by 2.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,932 shares of the business services provider’s stock worth $520,000 after purchasing an additional 44 shares during the last quarter. Cigna Investments Inc. New raised its holdings in Cintas by 2.1% during the 1st quarter. Cigna Investments Inc. New now owns 2,394 shares of the business services provider’s stock worth $415,000 after purchasing an additional 50 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in shares of Cintas by 0.9% during the 1st quarter. Sumitomo Life Insurance Co. now owns 5,947 shares of the business services provider’s stock worth $1,030,000 after buying an additional 54 shares during the period. Finally, Brinker Capital Inc. grew its position in shares of Cintas by 0.4% during the 1st quarter. Brinker Capital Inc. now owns 15,817 shares of the business services provider’s stock worth $2,740,000 after buying an additional 56 shares during the period. 63.60% of the stock is currently owned by 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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