KeyBanc Starts Cintas (CTAS) at Buy; ttractive Growth Profile; Shareholder Value Creation Opportunities Evident
Tweet Send to a FriendGet Alerts CTAS Hot Sheet
Price: $44.98 +0.31%
Rating Summary:
5 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CTAS Now!
KeyBanc initiates coverage on Cintas (NASDAQ: CTAS) with a Buy. PT $36.00.
KeyBanc analyst says, "CATALYST #1: Adjacent Businesses Should Bolster Top Line and EPS - In our view, CTAS's emphasis on growing its non-legacy Document Management and First Aid, Safety and Fire Protection Services segments not only provide diversification, but should also be incrementally accretive to earnings."
"CATALYST #2: CTAS's Track Record Implies Further Value Creation - Opportunities We believe CTAS has a strong track record of executing investor value creation events."
"CATALYST #3: Despite Near-Term Headwinds, Volume Growth Should Drive Margin Expansion - Despite near-term mix issues, as well as energy and merchandise cost headwinds, which may dampen margins, we believe CTAS should still enjoy margin expansion as it benefits from greater volume absorption. In our view, CTAS has significant brick-and-mortar capacity in its current national footprint to push through incremental volume."
For an analyst ratings summary and ratings history on Cintas click here. For more ratings news on Cintas click here.
Shares of Cintas closed at $30.00 yesterday, with a 52 week range of $26.39-$34.54.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
KeyBanc analyst says, "CATALYST #1: Adjacent Businesses Should Bolster Top Line and EPS - In our view, CTAS's emphasis on growing its non-legacy Document Management and First Aid, Safety and Fire Protection Services segments not only provide diversification, but should also be incrementally accretive to earnings."
"CATALYST #2: CTAS's Track Record Implies Further Value Creation - Opportunities We believe CTAS has a strong track record of executing investor value creation events."
"CATALYST #3: Despite Near-Term Headwinds, Volume Growth Should Drive Margin Expansion - Despite near-term mix issues, as well as energy and merchandise cost headwinds, which may dampen margins, we believe CTAS should still enjoy margin expansion as it benefits from greater volume absorption. In our view, CTAS has significant brick-and-mortar capacity in its current national footprint to push through incremental volume."
For an analyst ratings summary and ratings history on Cintas click here. For more ratings news on Cintas click here.
Shares of Cintas closed at $30.00 yesterday, with a 52 week range of $26.39-$34.54.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Deutsche Bank Resumes CenterPoint Energy (CNP) at Hold
- Hewlett-Packard Company (HPQ) Tops Q2 EPS by 6c as Sales Slide 10%
- Topeka Capital Starts Diodes (DIOD) at Buy
Create E-mail Alert Related Categories
New CoverageRelated Entities
KeyBanc, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
