Royal Bank of Canada Reiterates Sector Perform Rating for Cintas (NASDAQ:CTAS)

Cintas (NASDAQ:CTAS)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank of Canada in a research note issued to investors on Thursday,Benzinga reports. They presently have a $215.00 price target on the business services provider’s stock. Royal Bank of Canada’s target price points to a potential upside of 5.80% from the company’s current price.

Several other equities analysts have also recently weighed in on CTAS. Truist Financial decreased their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group cut their price objective on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. UBS Group decreased their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Citigroup started coverage on shares of Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus target price of $210.58.

Cintas Stock Performance

Shares of Cintas stock opened at $203.22 on Thursday. Cintas has a 12 month low of $162.16 and a 12 month high of $228.12. 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 capitalization of $82.01 billion, a PE ratio of 49.00, a PEG ratio of 3.98 and a beta of 1.41. The stock’s fifty day simple moving average is $201.01 and its 200 day simple moving average is $208.88.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.84 EPS. On average, research analysts predict that Cintas will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

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

Cintas Company Profile

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.