KeyBanc Upgrades Cintas Corporation to Overweight

Brokerage firm KeyBanc Upgrades its rating on Cintas Corporation(NASDAQ:CTAS). The shares have been rated Overweight. Previously, the analysts had a Sector Weight rating on the shares. The rating by KeyBanc was issued on Apr 13, 2016.

In a different note, Sterne Agee CRT said it Initiates Coverage on Cintas Corporation, according to a research note issued on Mar 22, 2016. The shares have been rated ‘Neutral’ by the firm. On Feb 17, 2016, Morgan Stanley said it Downgrades its rating on Cintas Corporation. In the research note, the firm Lowers the price-target to $93.00 per share. The shares have been rated ‘Underweight’ by the firm.

Cintas Corporation (CTAS) shares turned negative on Fridays trading session with the shares closing down -0.25 points or -0.28% at a volume of 4,01,092. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $90.5. The peak price level was also seen at $90.5 while the days lowest was $89.73. Finally the shares closed at $90.01. The 52-week high of the shares is $94.348 while the 52-week low is $78. According to the latest information available, the market cap of the company is $9,631 M.

Cintas Corporation(CTAS) last announced its earnings results on Mar 22, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.22B. Analysts had an estimated revenue of $1.20B. Earnings per share were $1.05. Analysts had estimated an EPS of $0.95.

Several Insider Transactions has been reported to the SEC. On Feb 16, 2016, James Phillip Holloman (President and COO) sold 3,731 shares at $82.52 per share price.Also, On Feb 3, 2016, Ronald W Tysoe (director) sold 7,008 shares at $86.39 per share price.On Aug 13, 2015, Thomas E Frooman (VP, Secretary & Gen. Counsel) sold 6,079 shares at $87.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Cintas Corporation provides products and services to businesses of all types. The Company 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 and first aid safety and fire protection products and services. The Company has three segments: Rental Uniforms and Ancillary Products Uniform Direct Sales and First Aid Safety and Fire Protection Services. The Company’s Rental Uniforms and Ancillary Products segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing mats mops and shop towels and other ancillary items. The Company’s Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Company’s First Aid Safety and Fire Protection Services segment consists of first aid safety and fire protection products and services.

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