Cintas Corporation (CTAS): Are Investors Missing The Big Picture?

Cintas Corporation (NASDAQ:CTAS) does about 351.79K shares in volume on a normal day but saw 339546 shares change hands in Friday trading. The company now has a market cap of 44.65B USD. Its current market price is $444.10, marking an increase of 0.28% compared to the previous close of $442.86. The 52 week high reached by this stock is $470.23 whilst the lowest price level in 52 weeks is $343.86. The script in recent trading has seen the stock touch a high of $445.43 and a low of $440.23.

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Cintas Corporation (CTAS) has a 20-day trading average at $441.52 and the current price is -5.56% off the 52-week high compared with 29.15% distance from its 52-week low. The 50-day simple moving average of the closing price is $445.85 and its 200-day simple moving average is $415.08. If we look at the stock’s price movements over the week, volatility stands at 1.53%, which increases to 1.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.21 to suggest the stock is neutral.

17 analysts observing the Cintas Corporation (CTAS) stock have set the 12-month price targets for the company’s shares at between $401.00 and $530.00. The consensus objective for the share price is $495.55, suggesting that the stock has a potential upside of 10.38% over the period. The median price target is 12.41% away from the current levels at $507.00.

FactSet Research has provided data showing that 17 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 2 advise that it is a overweight. 7 analysts have rated it as a buy and 7 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 25, 2022 when Jefferies resumed the stock to “Buy” and issued a price target of between $471 and $463. Deutsche Bank initiated its price target at $517.

The current price level is 0.65%, -0.44%, and 7.06% away from its SMA20, SMA50, and SMA200 respectively, with the CTAS price moving above the 50-day SMA on February 17. Cintas Corporation (CTAS) stock is up 0.28% over the week and 3.86% over the past month. Its price is -1.67% year-to-date and 17.31% over the past year.

The stock last released its quarterly earnings report for quarter ended 11/29/2022, with the company’s earnings per share (EPS) of $3.12 above consensus estimates by $0.09. The company’s next earnings report is expected on 03/23/2023, with forecasts estimating quarterly EPS at $3.04 and $12.73 for whole year. CTAS’s earnings per share are forecast to grow by 9.30% this year and 11.20% over next year. Expected sales for next quarter are $2.24 billion, which analysts say will come at $8.73 billion for the current fiscal year and next year at $9.27 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.15 billion.

Its 12-month price target is $507.00. To reach the target analysts have set, the stock logically needs to grow 10.38 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $401.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $530.00.

Outstanding shares total 101.64M with insiders holding 15.03% of the shares and institutional holders owning 66.83% of the company’s common stock. The company has a return on investment of 21.70% and return on equity of 38.60%. The price to earnings ratio (P/E ratio) amounts to 36.13 while the forward price to earnings ratio is 31.39. The beta has a value of 1.33. Price to book ratio is 13.16 and price to sales ratio is 5.33.

According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Cintas Corporation (CTAS) to 2,644,865 shares, mirroring a recent increase by 0.82%. Vanguard Total Stock Market Index added 21574.0 shares of Cintas Corporation common stock bringing its total worth to about $1.17 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Mid Cap Index Fund, which added 3225.0 shares to end up with 2,010,277 shares worth $892.04 million. Vanguard 500 Index Fund raise their holdings by 0.24% in the company over the course of the most recent quarter. It now holds a 1.97% position in Cintas Corporation thanks to 2.0 million shares amounting to $887.47 million.

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