As of Friday close, Cintas Corporation’s (NASDAQ:CTAS) stock was up $1.52, moving up 0.31 percent to $485.44. The average number of shares traded per day over the past five days has been 379,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.57 fall in that time frame. In the last twenty days, the average volume was 371,400, while in the previous 50 days, it was 424,566.
Since last month, CTAS stock retreated -4.27%. Shares of the company fell to $481.49 on 08/18/23, the lowest level in the past month. A 52-week high of $518.71 was reached on 07/26/23 after having rallying from a 52-week low of $370.93. Since the beginning of this year, CTAS’s stock price has risen by 7.49% or $33.82, and marked a new high 20 times. However, the stock has declined by -6.41% 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 17 days ago on Aug 02. Thompson Michael Lawrence, the Executive Vice President & CAO of the company, disposed of 5,050 shares for $498.35 on Aug 02. It resulted in a $2,516,668 divestment by the insider. SCAMINACE JOSEPH sold 2,084 shares at an average price of $516.86 on Jul 26. The insider now owns 11,001 shares following the transaction. On Jul 14, Director Adolph Gerald S sold 2,686 shares at $496.25 apiece. The transaction was valued at $1,332,928.
Valuation Metrics
Right now, Cintas Corporation (CTAS) has a P/E ratio of about 37.39. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 5.60, the price-to-book (PB) ratio of 12.79, and the price-to-cash flow ratio of 36.96 may also be considered.
The latest dividend of $1.35 per share was paid out, which is 17.39% more than last year’s $1.15. On Tuesday July 25 2023, a $0.20 dividend increase was announced.
Financial Health
In the three months ended May 30, Cintas Corporation’s quick ratio stood at 2.00, while its current ratio was 2.40, 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 May 30 was 0.64, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 47.30% percent. In the year ended May 30, EBITDA margin amounted to 25.09%, whereas operating margins totaled 20.40%. Based on annual data, CTAS earned $4.17 billion in gross profit and brought in $8.82 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.00%. Return on equity (ROE) for the past 12 months was 37.90%.
In Cintas Corporation’s quarter-end financial report for May 30, it reported total debt of $2.49 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 2.83% to $2.19 billion during the quarter, while net income inched up to $2.28 billion. While analysts expected Cintas Corporation to report $3.19 quarterly earnings, the actual figure was $3.33 per share, beating the consensus estimate by 4.40%. During the quarter, the company generated $575.88 million in EBITDA. The liabilities of Cintas Corporation were 4.68 billion at the end of its most recent quarter ended May 30, and its total debt was $2.67 billion. The value of shareholders’ equity is $101.74 million.
Technical Picture
This quick technical analysis looks at Cintas Corporation’s (CTAS) price momentum. With a historical volatility rate of 10.17%, the RSI 9-day stood at 36.01% on 18 August.
With respect to its five-day moving average, the current Cintas Corporation price is down by -0.93% percent or -$4.57. At present, CTAS shares trade -4.33% below its 20-day simple moving average and +10.16% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.76% above its SMA50 and +13.54% above its SMA200.
Stochastic coefficient K was 11.21% and Stochastic coefficient D was 11.14%, while ATR was 6.82. Given the Stochastic reading of 16.26% for the 14-day period, the RSI (14) reading has been calculated as 40.53%. As of today, the MACD Oscillator reading stands at -2.88, while the 14-day reading stands at -5.56.
Analyst Ratings
Cintas Corporation downgraded its rating on Cintas Corporation (NASDAQ: CTAS) to a Neutral in a note to investors on July 24, 2023. The analysts firm previously had a Buy rating on the stock.Cintas Corporation (CTAS) has been rated Overweight by analysts. According to 0 brokerage firms, CTAS is a sell, and 10 firms recommend it is a Hold. There are 2 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 $524.50, the current consensus forecast for the stock is $441.00 – $575.00. Based on these forecasts, analysts predict Cintas Corporation (CTAS) will achieve an average price target of $526.30.
