Cintas Corporation [CTAS] stock is trading at $211.80, up 0.27%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CTAS shares have gain 1.68% over the last week, with a monthly amount drifted -2.42%, and not 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.
Cintas Corporation [CTAS] stock has fluctuated between $138.39 and $228.12 over the past year. Currently, Wall Street analysts expect the stock to reach $198.59 within the next 12 months. Cintas Corporation [NASDAQ: CTAS] shares were valued at $211.80 at the most recent close of the market. An investor can expect a potential drop of -6.24% based on the average CTAS price forecast.
Analyzing the CTAS fundamentals
Cintas Corporation [NASDAQ:CTAS] reported sales of 9.76B for the trailing twelve months, which represents a growth of 6.80%. Gross Profit Margin for this corporation currently stands at 0.48% 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 0.18, Equity is 0.4 and Total Capital is 0.3. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.66.
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 210.65 points at the first support level, and at 209.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 213.42, and for the 2nd resistance point, it is at 215.04.
Ratios To Look Out For
For context, Cintas Corporation’s Current Ratio is 0.95. As well, the Quick Ratio is 0.75, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 8.74, the price to book ratio is 21.24 and price to earnings (TTM) ratio is 53.50.
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.
