Weekly Investment Analysts’ Ratings Updates for Cintas Corporation (CTAS)

Cintas Corporation (NASDAQ: CTAS) recently received a number of ratings updates from brokerages and research firms:

  • 10/10/2017 – Cintas Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $168.00 price target on the stock. According to Zacks, “Cintas aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base. The acquisition of G&K Services is anticipated to be accretive to Cintas’ earnings. The combined company is likely to cater to over one billion business customers with an extended product portfolio and additional processing capacity. The synergies from the combined operations are expected to yield $130 million to $140 million in cost savings from the fourth year of its operation. Cintas also aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base to include fresh business segments. Cintas has outperformed the industry year to date. However, volatility in raw material prices and third-party supply constraints remain potential headwinds for the company.”
  • 9/28/2017 – Cintas Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $165.00 price target on the stock, up previously from $152.00.
  • 9/27/2017 – Cintas Corporation had its price target raised by analysts at Barclays PLC from $150.00 to $160.00. They now have an “overweight” rating on the stock.
  • 9/27/2017 – Cintas Corporation had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $127.00 price target on the stock, up previously from $117.00.
  • 9/27/2017 – Cintas Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $138.00 price target on the stock, up previously from $136.00.
  • 9/27/2017 – Cintas Corporation had its “ourperform” rating reaffirmed by analysts at William Blair.
  • 9/27/2017 – Cintas Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $140.00 price target on the stock, up previously from $130.00.
  • 9/27/2017 – Cintas Corporation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/21/2017 – Cintas Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $153.00 price target on the stock. According to Zacks, “Cintas aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base. The acquisition of G&K Services is anticipated to be accretive to Cintas’ earnings. The combined company is likely to cater to over one billion business customers with an extended product portfolio and additional processing capacity. The synergies from the combined operations are expected to yield $130 million to $140 million in cost savings from the fourth year of its operation. Cintas’ investment strategy takes a holistic view of the rapidly evolving market and deploys a dynamic capital allocation approach to focus on the relative value of the various sectors within the broader industry. Cintas has also outperformed the industry year to date. However, volatility in raw material prices and third-party supply constraints remain potential headwinds for the company.”
  • 9/20/2017 – Cintas Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cintas aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base. The acquisition of G&K Services is anticipated to be accretive to Cintas’ earnings. The company’s investment strategy takes a holistic view of the rapidly evolving market and deploys a dynamic capital allocation approach to focus on the relative value of the various sectors within the broader industry. Cintas has also outperformed the industry year to date. However, volatility in raw material prices and third-party supply constraints remain potential headwinds for the company. Moreover, persistent challenging macroeconomic environment has mostly driven customers to perform certain in-house services themselves instead of outsourcing them to Cintas, which have resulted in some loss of businesses. Significant international operations also expose it to the foreign currency risks.”
  • 8/24/2017 – Cintas Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock. According to Zacks, “Cintas aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base. The synergies from the combined operations post G&K Services’ acquisition are further expected to yield $130 million to $140 million in cost savings from the fourth year of its operation and the transaction is anticipated to be accretive to Cintas’ earnings. Over the years, the company has consistently returned significant cash to its shareholders through dividends and share repurchases. The company’s investment strategy takes a holistic view of the rapidly evolving market and deploys a dynamic capital allocation approach to focus on the relative value of the various sectors within the broader industry. Cintas has also outperformed the industry year to date. However, volatility in raw material prices and third-party supply constraints remain potential headwinds for the company.”
  • 8/24/2017 – Cintas Corporation was given a new $152.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/23/2017 – Cintas Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Cintas Corporation (NASDAQ:CTAS) opened at 151.05 on Wednesday. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $152.48. The firm has a market cap of $16.06 billion, a price-to-earnings ratio of 29.61 and a beta of 0.86. The company’s 50 day moving average is $139.77 and its 200 day moving average is $130.26.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.18. Cintas Corporation had a net margin of 9.79% and a return on equity of 23.71%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue was up 27.2% on a year-over-year basis. On average, equities analysts anticipate that Cintas Corporation will post $5.36 earnings per share for the current year.

In other news, CFO J. Michael Hansen sold 800 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $130.75, for a total value of $104,600.00. Following the completion of the transaction, the chief financial officer now owns 54,370 shares in the company, valued at approximately $7,108,877.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the transaction, the director now owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. Corporate insiders own 18.90% of the company’s stock.

Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.

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