Brokerages Set Cintas Co. (NASDAQ:CTAS) Price Target at $199.79

Cintas Co. (NASDAQ:CTAS) has earned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $199.79.

CTAS has been the topic of several recent research reports. UBS Group lowered their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Finally, Truist Financial cut their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th.

Cintas Stock Performance

CTAS opened at $193.46 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas has a 12-month low of $158.10 and a 12-month high of $228.12. The firm has a 50 day moving average of $200.57 and a two-hundred day moving average of $208.92. The firm has a market capitalization of $78.07 billion, a PE ratio of 46.64, a P/E/G ratio of 3.98 and a beta of 1.41.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio is currently 37.59%.

Hedge Funds Weigh In On Cintas

Several institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its stake in Cintas by 331.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,970 shares of the business services provider’s stock valued at $4,317,000 after buying an additional 16,107 shares during the period. MAI Capital Management boosted its holdings in shares of Cintas by 173.5% in the third quarter. MAI Capital Management now owns 8,789 shares of the business services provider’s stock valued at $1,810,000 after acquiring an additional 5,575 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of Cintas by 70.4% in the third quarter. Quest Partners LLC now owns 5,172 shares of the business services provider’s stock valued at $1,065,000 after acquiring an additional 2,137 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of Cintas by 428.7% during the third quarter. Pathstone Holdings LLC now owns 60,332 shares of the business services provider’s stock worth $12,421,000 after acquiring an additional 48,921 shares during the period. Finally, Banque Cantonale Vaudoise raised its holdings in Cintas by 352.2% during the third quarter. Banque Cantonale Vaudoise now owns 2,808 shares of the business services provider’s stock worth $578,000 after purchasing an additional 2,187 shares in the last quarter. 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.