Somewhat Positive News Coverage Likely to Affect Cintas (CTAS) Stock Price
Media stories about Cintas (NASDAQ:CTAS) have been trending somewhat positive this week, according to Alpha One Sentiment Analysis. Alpha One, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cintas earned a media sentiment score of 0.21 on Alpha One’s scale. Alpha One also gave media coverage about the business services provider an impact score of 69 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the near future.
Cintas (NASDAQ:CTAS) traded up 0.03% during mid-day trading on Friday, reaching $123.14. The company had a trading volume of 436,382 shares. The stock has a market capitalization of $12.97 billion, a P/E ratio of 25.54 and a beta of 0.87. Cintas has a 12-month low of $88.51 and a 12-month high of $128.85. The stock has a 50 day moving average price of $122.43 and a 200-day moving average price of $116.04.
Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 22nd. The business services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.04. The company earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Cintas had a return on equity of 24.80% and a net margin of 10.37%. Cintas’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. Equities analysts anticipate that Cintas will post $4.54 EPS for the current fiscal year.
A number of research firms recently weighed in on CTAS. Zacks Investment Research upgraded Cintas from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Robert W. Baird reiterated an “outperform” rating and set a $143.00 price objective (up previously from $135.00) on shares of Cintas in a research report on Thursday, March 23rd. Barclays PLC increased their price objective on Cintas from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, March 23rd. Piper Jaffray Companies increased their price objective on Cintas from $117.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, March 23rd. Finally, Deutsche Bank AG increased their price objective on Cintas from $120.00 to $125.00 and gave the stock a “hold” rating in a research report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Cintas has an average rating of “Hold” and an average price target of $129.20.
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In related news, CFO J. Michael Hansen sold 5,477 shares of the stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $125.72, for a total transaction of $688,568.44. Following the completion of the sale, the chief financial officer now directly owns 40,974 shares in the company, valued at approximately $5,151,251.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas E. Frooman sold 11,500 shares of the stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $127.23, for a total value of $1,463,145.00. Following the sale, the vice president now owns 74,466 shares of the company’s stock, valued at $9,474,309.18. The disclosure for this sale can be found here. Insiders have sold a total of 21,007 shares of company stock valued at $2,644,421 over the last 90 days. 19.10% of the stock is currently owned by company insiders.
Cintas Company Profile
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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