Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cintas (CTAS) Stock Price

News stories about Cintas (NASDAQ:CTAS) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cintas earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.3233197455968 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

A number of analysts recently commented on the company. KeyCorp reiterated an “overweight” rating and set a $174.00 price objective (up previously from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. Morgan Stanley upped their price target on Cintas from $130.00 to $151.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Oppenheimer restated a “hold” rating on shares of Cintas in a research report on Friday, December 22nd. William Blair restated a “buy” rating on shares of Cintas in a research report on Tuesday, December 26th. Finally, Zacks Investment Research cut Cintas from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $155.91.

Shares of Cintas (NASDAQ CTAS) opened at $149.32 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. The company has a market capitalization of $15,900.00, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.39 and a beta of 0.91. Cintas has a 1 year low of $113.79 and a 1 year high of $169.96.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 earnings per share. sell-side analysts expect that Cintas will post 5.45 EPS for the current year.

In related news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the completion of the sale, the insider now owns 141,328 shares in the company, valued at $22,742,501.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.90% of the company’s stock.

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About Cintas

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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