Robert W. Baird Boosts Cintas (NASDAQ:CTAS) Price Target to $227.00

Cintas (NASDAQ:CTAS) had its price target hoisted by equities researchers at Robert W. Baird from $200.00 to $227.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s target price indicates a potential upside of 11.70% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Wells Fargo & Company raised their target price on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday. The Goldman Sachs Group reduced their price target on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, December 20th. UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Truist Financial cut their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $210.58.

Cintas Stock Down 1.5 %

NASDAQ:CTAS opened at $203.22 on Thursday. Cintas has a twelve month low of $162.16 and a twelve month high of $228.12. The company’s 50 day moving average is $201.01 and its two-hundred day moving average is $208.88. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a market cap of $82.01 billion, a PE ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the firm earned $3.84 earnings per share. Cintas’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts anticipate that Cintas will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its position in shares of Cintas by 299.3% during the 3rd quarter. State Street Corp now owns 14,555,558 shares of the business services provider’s stock worth $2,996,697,000 after purchasing an additional 10,910,285 shares during the period. Geode Capital Management LLC boosted its position in shares of Cintas by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 8,468,080 shares of the business services provider’s stock worth $1,544,822,000 after buying an additional 219,809 shares during the period. Invesco Ltd. grew its stake in shares of Cintas by 6.1% in the fourth quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider’s stock valued at $935,146,000 after buying an additional 296,059 shares in the last quarter. Norges Bank purchased a new stake in shares of Cintas in the 4th quarter valued at $877,216,000. Finally, Northern Trust Corp lifted its stake in Cintas by 13.1% during the 4th quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider’s stock worth $743,048,000 after acquiring an additional 472,069 shares in the last quarter. Hedge funds and other institutional investors 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.