At the time of writing, Cintas Corporation [CTAS] stock is trading at $203.22, down -1.47%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CTAS shares have gain 6.30% over the last week, with a monthly amount drifted -0.07%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Wells Fargo started tracking the stock with Underweight rating on August 13, 2024, and set its price target to $735. On August 09, 2024, Redburn Atlantic initiated with a Neutral rating and assigned a price target of $670 on the stock. Robert W. Baird downgraded its rating to a Neutral and increased its price target to $775 on July 19, 2024. RBC Capital Mkts downgraded its rating to a Sector Perform but $725 remained the price target by the analyst firm on July 15, 2024. Citigroup downgraded its rating to Sell for this stock on May 24, 2024, and upped its price target to $570. In a note dated March 28, 2024, UBS reiterated an Buy rating on this stock and boosted its target price from $680 to $790.
For the past year, the stock price of Cintas Corporation fluctuated between $162.16 and $228.12. Currently, Wall Street analysts expect the stock to reach $193 within the next 12 months. Cintas Corporation [NASDAQ: CTAS] shares were valued at $203.22 at the most recent close of the market. An investor can expect a potential drop of -5.03% based on the average CTAS price forecast.
Analyzing the CTAS fundamentals
According to Cintas Corporation [NASDAQ:CTAS], the company’s sales were 10.14B for trailing twelve months, which represents an 8.44% jump. Gross Profit Margin for this corporation currently stands at 0.49% 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 0.41 and Total Capital is 0.3. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
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 201.67 points at the first support level, and at 200.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 205.62, and for the 2nd resistance point, it is at 208.03.
Ratios To Look Out For
It is important to note that Cintas Corporation [NASDAQ:CTAS] has a current ratio of 1.72. Further, the Quick Ratio stands at 1.50, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 8.08, the price to book ratio is 17.86 and price to earnings (TTM) ratio is 47.10.
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.
