At the time of writing, Cintas Corporation [CTAS] stock is trading at $207.21, up 1.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The CTAS shares have gain 2.90% over the last week, with a monthly amount glided 4.43%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cintas Corporation [NASDAQ: CTAS] stock has seen the most recent analyst activity on August 13, 2024, when Wells Fargo initiated its Underweight rating and assigned the stock a price target of $735. Previously, Redburn Atlantic started tracking the stock with Neutral rating on August 09, 2024, and set its price target to $670. On July 19, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $775 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform but stick to its price target of $725 on July 15, 2024. Citigroup downgraded its rating to a Sell and raised its price target to $570 on May 24, 2024. UBS reiterated a Buy rating for this stock on March 28, 2024, and upped its price target to $790. In a note dated March 28, 2024, Robert W. Baird reiterated an Outperform rating on this stock and boosted its target price from $660 to $750.
For the past year, the stock price of Cintas Corporation fluctuated between $118.68 and $209.12. Currently, Wall Street analysts expect the stock to reach $427.44 within the next 12 months. Cintas Corporation [NASDAQ: CTAS] shares were valued at $207.21 at the most recent close of the market. An investor can expect a potential return of 106.28% based on the average CTAS price forecast.
Analyzing the CTAS fundamentals
According to Cintas Corporation [NASDAQ:CTAS], the company’s sales were 9.76B for trailing twelve months, which represents an 6.80% jump. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.4 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 204.38 points at the first support level, and at 201.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 209.81, and for the 2nd resistance point, it is at 212.42.
Ratios To Look Out For
It is important to note that Cintas Corporation [NASDAQ:CTAS] has a current ratio of 1.53. On the other hand, the Quick Ratio is 1.33, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 8.57, the price to book ratio is 83.11 and price to earnings (TTM) ratio is 66.06.
Transactions by insiders
Recent insider trading involved Schneider Todd M., CEO and Director, that happened on Jul 29 ’24 when 6896.0 shares were sold. Officer, Schneider Todd M. completed a deal on Jul 29 ’24 to buy 6896.0 shares. Meanwhile, Director Adolph Gerald S sold 1100.0 shares on Jul 24 ’24.
