Market Overview

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

Share:
Related CTAS
5 Biggest Price Target Changes For Thursday
10 Stocks To Watch For March 23, 2017
Cintas: On The Move (Seeking Alpha)

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
Feb 2017Deutsche BankInitiates Coverage OnHold
Oct 2016KeyBancMaintainsOverweight
Aug 2016NomuraMaintainsBuy

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!