Cintas (NASDAQ:CTAS) Given New $233.00 Price Target at The Goldman Sachs Group

Cintas (NASDAQ:CTAS) had its price objective upped by The Goldman Sachs Group from $211.00 to $233.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on CTAS. Morgan Stanley boosted their target price on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group boosted their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Truist Financial raised their price objective on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cintas has an average rating of “Hold” and a consensus target price of $207.57.

Cintas Stock Up 0.8 %

Cintas stock opened at $206.25 on Thursday. The company has a 50 day moving average of $200.91 and a 200-day moving average of $208.87. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas has a twelve month low of $162.16 and a twelve month high of $228.12. The stock has a market capitalization of $83.23 billion, a PE ratio of 49.73, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the business earned $3.84 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Cintas will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 0.76%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio is presently 36.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. DSG Capital Advisors LLC acquired a new position in shares of Cintas in the fourth quarter valued at approximately $958,000. 111 Capital bought a new stake in Cintas in the 4th quarter valued at $4,653,000. Smith Shellnut Wilson LLC ADV grew its holdings in Cintas by 8.2% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 5,768 shares of the business services provider’s stock valued at $1,054,000 after buying an additional 436 shares in the last quarter. Park Square Financial Group LLC bought a new position in Cintas during the 4th quarter worth $69,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Cintas during the fourth quarter worth $66,909,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

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.