Cintas Co. (NASDAQ:CTAS) Given Average Recommendation of “Hold” by Brokerages

Cintas Co. (NASDAQ:CTAS) has been assigned an average rating of “Hold” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $199.79.

CTAS has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Truist Financial decreased their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Citigroup began coverage on shares of Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th.

Institutional Investors Weigh In On Cintas

Institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in Cintas in the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Cintas during the fourth quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Cintas in the 4th quarter valued at approximately $31,000. IAG Wealth Partners LLC boosted its stake in Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after purchasing an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Cintas during the 4th quarter worth approximately $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

CTAS stock opened at $193.46 on Friday. The company has a fifty day simple moving average of $200.57 and a two-hundred day simple moving average of $208.92. Cintas has a 52 week low of $158.10 and a 52 week high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $78.07 billion, a P/E ratio of 46.64, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s dividend payout ratio is currently 37.59%.

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.