Market Overview

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

Share:
Related CTAS
Fast Money Halftime Report Final Trades For September 28
10 Beat And Raise Quarters In A Row For Cintas
Stocks Modestly Lower Near Midday; Apple Rises On iPhone 7 Report (Investor's Business Daily)

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 2016NomuraMaintainsBuy
Aug 2016MacquarieInitiates Coverage onNeutral
Aug 2016KeyBancMaintainsOverweight

View More Analyst Ratings for CTAS
View the Latest Analyst Ratings

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

 

Related Articles (CTAS)

View Comments and Join the Discussion!