Cintas Corporation Shares Surpass Analyst’s Price Target of $199.47
In recent trading, shares of Cintas Corporation (Symbol: CTAS) have risen above the average analyst 12-month target price of $199.47, currently trading at $204.71 per share. When a stock reaches an analyst’s target, they generally face two options: downgrade based on valuation or increase their target to reflect improved performance. The decision often hinges on the company’s fundamental developments, which may warrant a target price increase if the outlook is favorable.
Various analysts contribute to the average Cintas price target within the Zacks coverage universe, where a total of 15 different targets are recorded. However, this average is just a mathematical value. Some analysts predict lower targets—one has set a price of $161.00—while another projects a high of $245.00. The standard deviation among these price targets is noted at $21.947.
Analyzing the average target helps investors harness a “wisdom of crowds” approach, aggregating opinions from multiple analysts for a broader perspective rather than relying on a single expert’s view. Now, as CTAS exceeds its average target price of $199.47 per share, investors should consider whether this figure represents a stepping stone toward an even higher target or signals that the valuation may have become too stretched, prompting a reevaluation of their positions.
| Recent CTAS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 6 | 6 | 7 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 9 | 9 | 9 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 2 | 2 | 2 | 2 |
| Average rating: | 2.61 | 2.61 | 2.61 | 2.53 |
The average rating displayed in the table ranges from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. For further insights, view the latest Zacks research report on CTAS — free of charge.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
