Cintas (CTAS) Gets a Buy Rating from RBC Capital

In a report issued on March 23, Ashish Sabadra from RBC Capital maintained a Buy rating on Cintas (CTASResearch Report), with a price target of $475.00. The company’s shares closed last Thursday at $410.41.

According to TipRanks.com, Sabadra is a 4-star analyst with an average return of 5.2% and a 50.3% success rate. Sabadra covers the Services sector, focusing on stocks such as Terminix Global Holdings, HireRight Holdings Corp, and Vivint Smart Home.

Currently, the analyst consensus on Cintas is a Moderate Buy with an average price target of $446.57, which is a 10.3% upside from current levels. In a report issued on March 16, Robert W. Baird also maintained a Buy rating on the stock with a $430.00 price target.

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Based on Cintas’ latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.92 billion and net profit of $295 million. In comparison, last year the company earned revenue of $1.78 billion and had a net profit of $258 million.

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Founded in 1968, Ohio-based Cintas Corp. provides corporate identity uniforms through rental and sales programs, and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments.

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