Deutsche Bank Initiates Coverage On Cintas Corporation to Hold with Price Target $120

Deutsche Bank Initiates Coverage On Cintas Corporation(CTAS). In a research note issued to the investors, the brokerage major Announces the price-target to $120 per share. The shares have been rated Hold. The rating by the stock financial advisor at Deutsche Bank was issued on Feb 22, 2017 in a research report to their Investors and Clients.

Cintas Corporation (CTAS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.30% or 0.36 points. Due to strong positive momentum, the stock ended at $118.8, which is also near the day’s high of $118.84. The stock began the session at $118.12 and the volume stood at 4,91,566 shares. The 52-week high of the shares is $122.21 and the 52 week low is $82.84. The company has a current market capitalization of $12,479 M and it has 10,50,39,128 shares in outstanding.

Cintas Corporation(CTAS) last announced its earnings results on Dec 22, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $1.297B. Analysts had an estimated revenue of $1.290B. Earnings per share were $1.15. Analysts had estimated an EPS of $1.15.

Several Insider Transactions has been reported to the SEC. On Feb 8, 2017, James Phillip Holloman (President and COO) sold 8,964 shares at $115.22 per share price.Also, On Jul 27, 2016, Gerald S Adolph (director) sold 2,000 shares at $108.12 per share price.On May 4, 2016, Paul F. Adler (Treasurer) sold 160 shares at $89.58 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Company’s First Aid Safety and Fire Protection Services segment consists of first aid safety and fire protection products and services.

Add Comment