UBS Group Forecasts Strong Price Appreciation for Cintas (NASDAQ:CTAS) Stock

Cintas (NASDAQ:CTAS) had its price objective hoisted by stock analysts at UBS Group from $218.00 to $240.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. UBS Group’s target price suggests a potential upside of 18.10% from the stock’s previous close.

CTAS has been the subject of several other reports. Robert W. Baird increased their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial boosted their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley raised their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group dropped their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Citigroup started coverage on Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $210.58.

Cintas Price Performance

Shares of CTAS stock opened at $203.22 on Thursday. Cintas has a twelve month low of $162.16 and a twelve month high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $201.01 and a two-hundred day simple moving average of $208.88. The stock has a market capitalization of $82.01 billion, a price-to-earnings ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data 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. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.84 earnings per share. On average, analysts predict that Cintas will post 4.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Cintas

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