Cintas Corporation (NASDAQ:CTAS) went up by 0.49% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Specialty Business Services giant went up by $271.31 to trade ended Wednesday trading at $269.98. This is up from the $269.98 price recorded on Tuesday’s trading session. Thanks to this latest performance, CTAS is closer to the higher price 52-week target of $318.00 and further from the lowest price target of $160.00. Its performance from the start of the year has also been positive, with CTAS up by 0.83% year-to-date.
Cintas Corporation (CTAS) started the day trading at $268.49 and recorded an intraday high of $272. It also recorded an intraday low of $268.08 during Wednesday’s trading session. Cintas Corporation is a very active stock that recorded a trading volume that is less than -89.1% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 399150, which is less than -89.1 of the total average daily trading volume of 754.80K.
Cintas Corporation (NASDAQ:CTAS) 2020 Performance Impressive
The increase in CTAS’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CTAS currently stands at $304.81, which is higher than the current trading price of the stock by 10.99%. However, CTAS’s current trading price is -75.8% lower than the 52-week low price of $154.33. In terms of trading volume, Cintas Corporation currently experienced healthy participation during the last trading session. 399150 shares of Cintas Corporation were traded on the stock exchange on Wednesday, which is less than -89.1% of the 754.80K average trading volume of the stock.
The performance of the stock has been positive over the past year. CTAS’s performance over the past one year has seen it surge by 13.79%, while the stock has gone up by 0.46% in the last six months. The quarterly performance of CTAS currently stands at 45.94%, and it is down by -6.93% in the last month. The only positive figure was from the weekly performance, which currently reads 1.86%. At the time of writing CTAS’s report, the company has a total market cap of $27.95B, making it one of the largest publicly-traded companies in the world.Cintas Corporation also has over 45000 employees all over the world.
CTAS Insider Activities
For Cintas Corporation, insiders hold 66.10% of all company shares. The insider transactions over the past six months are up by 0.10%. During that period, insiders bought 7,866 shares in 2 transactions. In that same period, insiders sold 4,000 of their shares in 1 transactions. After these transactions, insiders at Cintas Corporation now hold 16.21M shares, which is over 67.24% of the total company stocks. Institutional investors currently hold a large chunk of the CTAS shares, as they control 15.58% of the company’s total stock.
CTAS Fundamental Analysis
For Cintas Corporation, the stock’s diluted earnings per share (EPS) stands at 8.82. In the coming year, analysts expect the EPS to be 7.13. The EPS growth will up over the next five years to 9.70% after surging by 21.20% in the previous five years. In terms of revenue, Cintas Corporation’s quarterly sales (YOY) is growing at 1.21, which is lower than the average annual revenue of 21.20% over the past half a decade.
The Return on Investment (ROI) on Cintas Corporation’s stock currently stands at 15.60%, and it has a net profit margin of 13.40%. The operating margin of the company is 17.40%, and its gross margin is 46.10%.
CTAS Analysts Prediction
and BofA/Merrill also reiterate their Buy position on the stock ($261 and $287).
BofA/Merrill and Nomura also believe that Cintas Corporation’s stock is outperforming at the moment.
At the moment, Cintas Corporation’s Total Debt to Equity ratio stands at 0.82, and they have a long-term Debt to Equity ratio of 0.76.
CTAS Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CTAS currently stands at 0.74%, while the SMA50 is 8.99%. The biggest one is the SMA200, which is currently reading 7.40% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 57.69, while its price to earnings ratio (P/E) is 30.76.