Oppenheimer Sticks to Their Hold Rating for Cintas (CTAS)
In a report released yesterday, Scott Schneeberger from Oppenheimer maintained a Hold rating on Cintas (CTAS). The company’s shares closed last Friday at $302.60, close to its 52-week high of $311.02.
According to TipRanks.com, Schneeberger is a 4-star analyst with an average return of 5.4% and a 57.5% 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 $280.67, representing a -7.6% downside. In a report issued on July 21, Stifel Nicolaus also maintained a Hold rating on the stock with a $249.00 price target.
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The company has a one-year high of $311.02 and a one-year low of $154.33. Currently, Cintas has an average volume of 664.6K.
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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.