Barclays analyst Manav Patnaik maintained a Buy rating on Cintas Corp (CTAS) yesterday and set a price target of $265. The company’s shares closed yesterday at $260.37, close to its 52-week high of $262.
According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 15.1% and a 76.8% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Thomson Reuters Corp, and Factset Research.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cintas Corp with a $232.25 average price target, representing a -10.8% downside. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $267 price target.
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Based on Cintas Corp’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $226 million. In comparison, last year the company had a net profit of $186 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2019, Joseph Scaminace, a Director at CTAS bought 6,255 shares for a total of $173,361.
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Cintas Corp. engages in the provision and supply of corporate identity uniform programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other.
