Cintas Corporation (CTAS) : 5 brokerage houses believe that Cintas Corporation (CTAS) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cintas Corporation (CTAS). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.36.
Cintas Corporation (CTAS) : The highest short term price target forecast on Cintas Corporation (CTAS) is $140 and the lowest target price is $80. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $113.38 with a standard deviation of $23.08.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Nomura maintains its outlook on Cintas Corporation (NASDAQ:CTAS). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $124 per share to $135 per share. The rating by the firm was issued on August 26, 2016.
Cintas Corporation (NASDAQ:CTAS): stock was range-bound between the intraday low of $118.14 and the intraday high of $118.955 after having opened at $118.86 on Wednesdays session. The stock finally closed in the red at $118.86, a loss of -0.71%. The stock remained in the red for the whole trading day. The total traded volume was 710,203 shares. The stock failed to cross $118.955 in Wednesdays trading. The stocks closing price on Thursday was $119.15.
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 Companys 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 Companys Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Companys First Aid, Safety and Fire Protection Services segment consists of first aid, safety and fire protection products and services.