Fintel reports that on September 27, 2023, RBC Capital reiterated coverage of Cintas (NASDAQ:CTAS) with a Outperform recommendation.
Analyst Price Forecast Suggests 11.61% Upside
As of August 31, 2023, the average one-year price target for Cintas is 536.96. The forecasts range from a low of 445.41 to a high of $603.75. The average price target represents an increase of 11.61% from its latest reported closing price of 481.08.
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The projected annual revenue for Cintas is 9,374MM, an increase of 4.25%. The projected annual non-GAAP EPS is 14.21.
What is the Fund Sentiment?
There are 1901 funds or institutions reporting positions in Cintas. This is an increase of 31 owner(s) or 1.66% in the last quarter. Average portfolio weight of all funds dedicated to CTAS is 0.31%, a decrease of 0.21%. Total shares owned by institutions decreased in the last three months by 0.46% to 70,500K shares. 
The put/call ratio of CTAS is 0.97, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,693K shares representing 2.63% ownership of the company. In it's prior filing, the firm reported owning 2,672K shares, representing an increase of 0.77%. The firm decreased its portfolio allocation in CTAS by 0.11% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,058K shares representing 2.01% ownership of the company. In it's prior filing, the firm reported owning 2,016K shares, representing an increase of 2.08%. The firm decreased its portfolio allocation in CTAS by 0.63% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 2,004K shares representing 1.96% ownership of the company. In it's prior filing, the firm reported owning 2,017K shares, representing a decrease of 0.69%. The firm increased its portfolio allocation in CTAS by 2.43% over the last quarter.
Geode Capital Management holds 1,936K shares representing 1.89% ownership of the company. In it's prior filing, the firm reported owning 1,871K shares, representing an increase of 3.35%. The firm increased its portfolio allocation in CTAS by 0.56% over the last quarter.
Invesco Qqq Trust, Series 1 holds 1,362K shares representing 1.33% ownership of the company. In it's prior filing, the firm reported owning 1,336K shares, representing an increase of 1.92%. The firm decreased its portfolio allocation in CTAS by 6.32% over the last quarter.
Cintas Background Information
(This description is provided by the company.)
Cintas Corporation helps more than one million businesses of all types and sizes get ready™ to open their doors with confidence every day by providing a wide range of products and services that enhance customers' image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, mats, mops, restroom supplies, first aid and safety products, fire extinguishers and testing, and training and compliance courses, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor's 500 Index and Nasdaq-100 Index.
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