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

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Earnings Scheduled For July 16, 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
Aug 2015Morgan StanleyInitiates Coverage onEqual-weight
Mar 2015BarclaysMaintainsEqual-weight
Dec 2014BarclaysMaintainsEqual-weight

View More Analyst Ratings for CTAS
View the Latest Analyst Ratings

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