Robert W. Baird Has Lowered Expectations for Cintas (NASDAQ:CTAS) Stock Price

Cintas (NASDAQ:CTAS) had its price objective reduced by analysts at Robert W. Baird from $209.00 to $200.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 9.42% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a research note on Thursday, September 26th. The Goldman Sachs Group raised their price target on shares of Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Barclays lifted their price objective on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Royal Bank of Canada increased their target price on Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a report on Thursday, September 26th. Finally, Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $200.17.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $182.79 on Friday. Cintas has a 12 month low of $138.39 and a 12 month high of $228.12. 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 company has a market cap of $73.72 billion, a P/E ratio of 46.16, a P/E/G ratio of 4.15 and a beta of 1.33. The business’s 50 day moving average is $214.74 and its two-hundred day moving average is $202.86.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in Cintas by 9.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,545 shares of the business services provider’s stock worth $12,286,000 after purchasing an additional 1,462 shares during the period. &PARTNERS raised its stake in shares of Cintas by 41.9% during the second quarter. &PARTNERS now owns 1,300 shares of the business services provider’s stock worth $910,000 after buying an additional 384 shares during the last quarter. LRI Investments LLC lifted its holdings in Cintas by 4,450.0% in the second quarter. LRI Investments LLC now owns 182 shares of the business services provider’s stock valued at $127,000 after buying an additional 178 shares during the period. McAdam LLC boosted its stake in Cintas by 5.3% in the second quarter. McAdam LLC now owns 1,086 shares of the business services provider’s stock valued at $760,000 after acquiring an additional 55 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Cintas by 48.6% during the 2nd quarter. Raymond James Trust N.A. now owns 2,191 shares of the business services provider’s stock valued at $1,534,000 after acquiring an additional 717 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

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.