Cintas (CTAS) Rating Reiterated by William Blair

Cintas (NASDAQ:CTAS)‘s stock had its “buy” rating restated by William Blair in a research report issued to clients and investors on Tuesday. William Blair also issued estimates for Cintas’ FY2018 earnings at $5.42 EPS.

A number of other equities research analysts also recently issued reports on the stock. KeyCorp reissued an “overweight” rating and issued a $174.00 price target (up from $148.00) on shares of Cintas in a research note on Tuesday, December 19th. Oppenheimer reissued a “hold” rating on shares of Cintas in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a research note on Thursday, September 21st. BidaskClub raised shares of Cintas from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $145.00 price target on shares of Cintas in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $153.64.

Cintas (CTAS) traded down $2.80 during trading hours on Tuesday, reaching $156.85. 2,266,800 shares of the company’s stock traded hands, compared to its average volume of 555,768. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. The firm has a market cap of $16,699.83, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.41 and a beta of 0.88. Cintas has a 12 month low of $112.96 and a 12 month high of $163.45.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. Cintas’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 EPS. sell-side analysts anticipate that Cintas will post 5.42 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mountain Capital Investment Advisors Inc acquired a new position in shares of Cintas in the 2nd quarter valued at $120,000. Parallel Advisors LLC boosted its holdings in shares of Cintas by 4.4% in the 2nd quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock valued at $121,000 after buying an additional 38 shares in the last quarter. QS Investors LLC boosted its holdings in shares of Cintas by 1.0% in the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after buying an additional 10 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in shares of Cintas by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after buying an additional 33 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its holdings in shares of Cintas by 4.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock valued at $151,000 after buying an additional 50 shares in the last quarter. Institutional investors own 66.75% of the company’s stock.

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Cintas Company Profile

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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