Cintas Corporation (CTAS) Receives Price Target

Cintas Corporation (CTAS) : 8 investment research analysts covering Cintas Corporation (CTAS) have an average price target of $113.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $140 and the lowest target is $80 for the short term. Analysts expect the variance to be within $23.08 of the average price.

Cintas Corporation (CTAS) : Zacks Investment Research ranks Cintas Corporation (CTAS) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.36, which indicates as a Buy.


Also, Equity Analysts at the Brokerage Firm, Nomura, maintains their rating on the shares of Cintas Corporation (NASDAQ:CTAS). Nomura has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $135 per share from a prior target of $124. The rating by the firm was issued on August 26, 2016.

Cintas Corporation (NASDAQ:CTAS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $118.00 and $117.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $118.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $117.70, notching a gain of 0.16% for the day. The total traded volume was 476,174 . The stock had closed at $117.51 on the previous day.

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.

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