Robert W. Baird Lowers Cintas (NASDAQ:CTAS) Price Target to $200.00

Cintas (NASDAQ:CTAS) had its price target reduced by investment analysts at Robert W. Baird from $209.00 to $200.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 9.42% from the company’s previous close.

A number of other research firms also recently commented on CTAS. Barclays boosted their target price on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. UBS Group upped their price target on Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Truist Financial raised their price objective on Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. The Goldman Sachs Group boosted their target price on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Jefferies Financial Group decreased their price target on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $200.17.

Cintas Trading Down 10.6 %

Cintas stock opened at $182.79 on Friday. Cintas has a 12-month low of $138.39 and a 12-month high of $228.12. The stock has a market capitalization of $73.72 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 4.15 and a beta of 1.33. The firm has a 50 day simple moving average of $214.74 and a 200-day simple moving average of $202.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the business earned $3.61 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts expect that Cintas will post 4.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CTAS. Checchi Capital Advisers LLC increased its holdings in Cintas by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,651 shares of the business services provider’s stock worth $1,156,000 after buying an additional 14 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Cintas by 0.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider’s stock valued at $2,034,000 after purchasing an additional 14 shares in the last quarter. Drive Wealth Management LLC raised its holdings in shares of Cintas by 3.7% during the 2nd quarter. Drive Wealth Management LLC now owns 448 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 16 shares in the last quarter. TIAA Trust National Association lifted its stake in shares of Cintas by 1.2% in the 2nd quarter. TIAA Trust National Association now owns 1,363 shares of the business services provider’s stock valued at $954,000 after purchasing an additional 16 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Cintas by 1.3% in the second quarter. Cullen Frost Bankers Inc. now owns 1,517 shares of the business services provider’s stock worth $1,062,000 after purchasing an additional 19 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

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.