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Citi Raises Cintas (CTAS) Target but Keeps Sell Rating [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
On December 22, Citi raised its price target on Cintas Corporation (NASDAQ:CTAS) to $181 from $176 and kept a Sell rating on the shares. That same day, the Wall Street Journal reported that Cintas Corporation (NASDAQ:CTAS) had submitted a renewed takeover bid for UniFirst Corp., valuing the deal at roughly $3.96 billion in equity. The move marks another attempt by Cintas to acquire its rival in the uniform rental space. The $275-a-share cash offer comes about nine months after Cintas said it was unable to engage UniFirst in what it described as “substantive” discussions following an earlier bid at the same price in January. Cintas said the latest proposal implies a total value of about $5.2 billion. That figure represents a 62% premium to UniFirst's last closing price after the stock dropped when the prior offer was rejected in March. This is not the first time Cintas Corporation (NASDAQ:CTAS) has tried. The new bid follows two earlier failed approaches, including one earlier t [Read more]
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Stockreport

Citi Raises Cintas (CTAS) Target but Keeps Sell Rating [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
On December 22, Citi raised its price target on Cintas Corporation (NASDAQ:CTAS) to $181 from $176 and kept a Sell rating on the shares. That same day, the Wall Street Journal reported that Cintas Corporation (NASDAQ:CTAS) had submitted a renewed takeover bid for UniFirst Corp., valuing the deal at roughly $3.96 billion in equity. The move marks another attempt by Cintas to acquire its rival in the uniform rental space. The $275-a-share cash offer comes about nine months after Cintas said it was unable to engage UniFirst in what it described as “substantive” discussions following an earlier bid at the same price in January. Cintas said the latest proposal implies a total value of about $5.2 billion. That figure represents a 62% premium to UniFirst's last closing price after the stock dropped when the prior offer was rejected in March. This is not the first time Cintas Corporation (NASDAQ:CTAS) has tried. The new bid follows two earlier failed approaches, including one earlier t [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