Truist Financial Lowers Cintas (NASDAQ:CTAS) Price Target to $215.00

Cintas (NASDAQ:CTAS) had its price objective decreased by equities research analysts at Truist Financial from $225.00 to $215.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective indicates a potential upside of 15.01% from the stock’s current price.

Several other analysts have also recently issued reports on CTAS. Robert W. Baird lowered their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday. Morgan Stanley increased their price objective on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. UBS Group upped their target price on Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Jefferies Financial Group dropped 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $195.90.

Cintas Price Performance

Cintas stock opened at $186.94 on Friday. The firm has a market capitalization of $75.39 billion, a P/E ratio of 47.21, a PEG ratio of 4.15 and a beta of 1.33. Cintas has a one year low of $142.18 and a one year high of $228.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. The business has a fifty day moving average price of $214.31 and a 200-day moving average price of $203.21.

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

Institutional Investors Weigh In On Cintas

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

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.