Goldman Sachs Sticks to Their Buy Rating for Cintas (CTAS)
Goldman Sachs analyst George Tong maintained a Buy rating on Cintas yesterday and set a price target of $213.00. The company’s shares closed yesterday at $171.09.
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Tong covers the Industrials sector, focusing on stocks such as Equifax, Cintas, and ManpowerGroup. According to TipRanks, Tong has an average return of 5.1% and a 54.61% success rate on recommended stocks.
Cintas has an analyst consensus of Moderate Buy, with a price target consensus of $215.20, a 25.78% upside from current levels. In a report released on May 15, Wells Fargo also reiterated a Buy rating on the stock with a $245.00 price target.
Based on Cintas’ latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $2.84 billion and a net profit of $502.5 million. In comparison, last year the company earned a revenue of $2.61 billion and had a net profit of $463.5 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CTAS in relation to earlier this year. Last month, Ronald Tysoe, a Director at CTAS sold 4,666.00 shares for a total of $834,607.42.
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