Currently, there are 101.73M common shares owned by the public and among those 86.26M shares have been available to trade.
The company’s stock has a 5-day price change of 3.50% and 13.28% over the past three months. CTAS shares are trading 17.98% year to date (YTD), with the 12-month market performance up to 44.70% higher. It has a 12-month low price of $474.74 and touched a high of $708.03 over the same period. CTAS has an average intraday trading volume of 365.35K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.61%, 4.61%, and 19.26% respectively.
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Institutional ownership of Cintas Corporation (NASDAQ: CTAS) shares accounts for 65.46% of the company’s 101.73M shares outstanding.
It has a market capitalization of $72.14B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 49.07, while the earnings-per-share (ttm) stands at $14.49. The company has a PEG of 3.96 and a Quick Ratio of 1.15 with the debt-to-equity ratio at 0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.62% over the week and 1.50% over the month.
Earnings per share for the fiscal year are expected to increase by 15.11%, and 10.07% over the next financial year. EPS should shrink at an annualized rate of 12.40% over the next five years, compared to 13.11% over the past 5-year period.
Looking at the support for the CTAS, a number of firms have released research notes about the stock. Citigroup stated their Sell rating for the stock in a research note on May 24, 2024, with the firm’s price target at $530-$570. UBS coverage for the Cintas Corporation (CTAS) stock in a research note released on March 28, 2024 offered a Buy rating with a price target of $790. Robert W. Baird was of a view on March 28, 2024 that the stock is Outperform, while RBC Capital Mkts gave the stock Outperform rating on March 28, 2024, issuing a price target of $675- $725. Goldman on their part issued Buy rating on March 28, 2024.
