UBS Group Cuts Cintas (NASDAQ:CTAS) Price Target to $218.00

Cintas (NASDAQ:CTAS) had its price target cut by analysts at UBS Group from $240.00 to $218.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective would indicate a potential upside of 19.27% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley boosted their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Truist Financial cut their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Friday. Wells Fargo & Company cut their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group lifted their target price on shares of Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $197.57.

Cintas Price Performance

NASDAQ:CTAS traded down $0.01 during mid-day trading on Friday, reaching $182.78. 793,184 shares of the company were exchanged, compared to its average volume of 1,500,019. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The stock has a market cap of $73.71 billion, a PE ratio of 46.16, a PEG ratio of 4.15 and a beta of 1.33. Cintas has a 12 month low of $142.18 and a 12 month high of $228.12. The company has a fifty day moving average of $214.74 and a 200 day moving average of $202.86.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the firm earned $3.61 earnings per share. Cintas’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that Cintas will post 4.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Cintas

Institutional investors and hedge funds have recently modified their holdings of the business. LGT Financial Advisors LLC lifted its stake in Cintas by 311.1% in the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after buying an additional 28 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after purchasing an additional 99 shares during the period. Hollencrest Capital Management raised its stake in shares of Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Addison Advisors LLC boosted its position in shares of Cintas by 495.7% during the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after buying an additional 114 shares during the period. Finally, Grove Bank & Trust grew its holdings in shares of Cintas by 1,340.0% during the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock worth $30,000 after buying an additional 134 shares in the last quarter. 63.46% of the stock is currently 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.