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UPDATE: Citigroup Raises PT to $47 on Cintas on Earnings Growth

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RBC Capital Markets Reiterates Sector Perform, Raises PT On Cintas On Valuation
Earnings Scheduled For March 18, 2015

Citigroup reiterated its Buy rating on Cintas (NASDAQ: CTAS) and raised its price target from $45 to $47.

Citigroup noted, "We maintain our view that CTAS can deliver attractive top and bottom line growth despite modest macro growth trends. While our revenue and operating income are relatively unchanged, FY13 and FY14 EPS estimates increase 1% to $2.56 and $2.85. Our Target Price increases to $47 from $45 as we roll our valuation framework forward to FY14 (vs. CY13 previously) on unchanged P/E of 16.5 x our FY14 EPS of $2.85."

Cintas closed at $41.19 on Friday.

Latest Ratings for CTAS

DateFirmActionFromTo
Mar 2015BarclaysMaintainsEqual-weight
Dec 2014BarclaysMaintainsEqual-weight
Dec 2014JefferiesMaintainsBuy

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Posted-In: CitigroupAnalyst Color Price Target Intraday Update Analyst Ratings

 

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