Purchase Of Shares In Cintas Corporation (CTAS) By Barstad Melanie W.

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SNOW Stock

As of Wednesday close, Cintas Corporation’s (NASDAQ:CTAS) stock was up $0.08, moving up 0.02 percent to $455.40. The average number of shares traded per day over the past five days has been 291,120 shares. 5 times new highs have been achieved over the past 5 days, with a $9.69 gain in that time frame. In the last twenty days, the average volume was 400,955, while in the previous 50 days, it was 440,568.

Since last month, CTAS stock rose 10.97%. Shares of the company fell to $399.57 on 10/24/22, the lowest level in the past month. A 52-week high of $461.44 was reached on 11/23/22 after having rallying from a 52-week low of $343.86. Since the beginning of this year, CTAS’s stock price has risen by 2.76% or $12.23, and marked a new high 8 times. However, the stock has declined by -1.31% since its 52-week high.

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CTAS stock investors should be aware that Cintas Corporation (CTAS) stock had its last reported insider trading activity 28 days ago on Oct 27. Barstad Melanie W., the Director of the company, disposed of 2,116 shares for $415.43 on Oct 27. It resulted in a $879,050 divestment by the insider. Thompson Michael Lawrence sold 12,500 shares at an average price of $423.24 on Apr 01. The insider now owns 12,940 shares following the transaction. On Mar 29, VP & CFO Hansen J. Michael sold 8,200 shares at $424.23 apiece. The transaction was valued at $3,478,725.

Valuation Metrics

Right now, Cintas Corporation (CTAS) has a P/E ratio of about 38.12. The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 5.62, the price-to-book (PB) ratio of 14.30.

The latest dividend of $1.15 per share was paid out, remained unchanged from last year’s $1.15. On Tuesday July 26 2022, a $0.20 dividend increase was announced.

Financial Health

In the three months ended August 30, Cintas Corporation’s quick ratio stood at 1.40, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending August 30 was 0.77, and the total debt-to-equity ratio was 0.93. On the profitability front, the trailing twelve-month gross margin is 46.30% percent. Based on annual data, CTAS earned $3.63 billion in gross profit and brought in $7.85 billion in revenue.

In Cintas Corporation’s quarter-end financial report for August 30, it reported total debt of $2.48 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CTAS’s revenue rose 15.27% to $2.22 billion during the quarter, while net income inched up to $2.17 billion. While analysts expected Cintas Corporation to report $3.13 quarterly earnings, the actual figure was $3.39 per share, beating the consensus estimate by 8.30%. During the quarter, the company generated $540.17 million in EBITDA. The liabilities of Cintas Corporation were 5.03 billion at the end of its most recent quarter ended August 30, and its total debt was $3.17 billion. The value of shareholders’ equity is $101.55 million.

Technical Picture

This quick technical analysis looks at Cintas Corporation’s (CTAS) price momentum. With a historical volatility rate of 9.18%, the RSI 9-day stood at 74.28% on 23 November.

With respect to its five-day moving average, the current Cintas Corporation price is up by +2.17% percent or $9.69. At present, CTAS shares trade +10.56% above its 20-day simple moving average and +21.32% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.03% above its SMA50 and +18.73% above its SMA200.

Stochastic coefficient K was 93.88% and Stochastic coefficient D was 91.70%, while ATR was 9.20. Given the Stochastic reading of 95.59% for the 14-day period, the RSI (14) reading has been calculated as 69.18%. As of today, the MACD Oscillator reading stands at 5.54, while the 14-day reading stands at 13.65.

Analyst Ratings

Cintas Corporation (CTAS) has been rated Overweight by analysts. According to 0 brokerage firms, CTAS is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Cintas Corporation stock as buy, with 7 recommending it as overweight.

With a median target price of $450.00, the current consensus forecast for the stock is $373.00 – $495.00. Based on these forecasts, analysts predict Cintas Corporation (CTAS) will achieve an average price target of $443.55.


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