Oppenheimer Releases a Hold Rating on Cintas (CTAS)

Oppenheimer analyst Scott Schneeberger assigned a Hold rating to Cintas (CTAS) today. The company’s shares closed last Thursday at $301.30, close to its 52-week high of $304.81.

According to TipRanks.com, Schneeberger is a 4-star analyst with an average return of 5.4% and a 57.8% success rate. Schneeberger covers the Services sector, focusing on stocks such as Fleetcor Technologies, Service International, and Target Hospitality.

Cintas has an analyst consensus of Moderate Buy, with a price target consensus of $268.22, a -5.9% downside from current levels. In a report issued on July 10, Morgan Stanley also maintained a Hold rating on the stock with a $190.00 price target.

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Based on Cintas’ latest earnings release for the quarter ending February 29, the company reported a quarterly revenue of $1.81 billion and net profit of $235 million. In comparison, last year the company earned revenue of $1.68 billion and had a net profit of $203 million.

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Cintas Corp. engages in the provision of corporate identity uniform through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, All Other, and Corporate. The Uniform Rental and Facility Services segment consists of rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items. The First Aid and Safety Services segment comprises of first aid and safety products and services. The All Other segment includes fire protection services and its direct sale business. The Corporate segment consists of corporate assets such as cash and marketable securities. The company was founded by Richard T. Farmer in 1968 and is headquartered in Cincinnati, OH.

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