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Stockreport

Citi Lowers Cintas (CTAS) Price Target, Flags Cyclical Risk and Valuation Pressure [Yahoo! Finance]

Cintas Corporation (CTAS)  More Company Research Source: Yahoo! Finance
Last cintas corporation earnings: 3/19 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: cintas.com/investors
Photo by Vitaly Taranov on Unsplash On March 31, Citi analyst Leo Carrington lowered the firm's price recommendation on Cintas Corporation (NASDAQ:CTAS) to $160 from $181. It reiterated a Sell rating on the shares. He pointed to continued growth supported by new business wins and cross-selling. At the same time, he noted that the company remains exposed to economic cycles, especially with a weaker US employment backdrop. That dynamic, in his view, keeps the risk-reward profile skewed to the downside. He added that valuation continues to be the main constraint, even when factoring in the potential upside from Unifirst accretion. On March 26, UBS also adjusted its outlook on Cintas, lowering the price target to $228 from $235 while maintaining a Buy rating. The firm noted that the company delivered 8.2% organic growth, even with limited payroll expansion. Earnings per share met expectations but did not exceed them, which the analyst attributed in part to the timing of SG&A expenses [Read more]
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Stockreport

Citi Lowers Cintas (CTAS) Price Target, Flags Cyclical Risk and Valuation Pressure [Yahoo! Finance]

Cintas Corporation  (CTAS) 
More Company Research Source: Yahoo! Finance
Last cintas corporation earnings: 3/19 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: cintas.com/investors
Photo by Vitaly Taranov on Unsplash On March 31, Citi analyst Leo Carrington lowered the firm's price recommendation on Cintas Corporation (NASDAQ:CTAS) to $160 from $181. It reiterated a Sell rating on the shares. He pointed to continued growth supported by new business wins and cross-selling. At the same time, he noted that the company remains exposed to economic cycles, especially with a weaker US employment backdrop. That dynamic, in his view, keeps the risk-reward profile skewed to the downside. He added that valuation continues to be the main constraint, even when factoring in the potential upside from Unifirst accretion. On March 26, UBS also adjusted its outlook on Cintas, lowering the price target to $228 from $235 while maintaining a Buy rating. The firm noted that the company delivered 8.2% organic growth, even with limited payroll expansion. Earnings per share met expectations but did not exceed them, which the analyst attributed in part to the timing of SG&A expenses [Read more]
IMPACT SNAPSHOT
EVENT TIME:
CTAS
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS