Barclays Reiterates an 'Equalweight' on Cintas (CTAS); Q3 Preview
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Price: $199.52 -0.59%
Rating Summary:
13 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays reiterates an 'Equalweight' on Cintas (NASDAQ: CTAS) price target raised from $36 to $38.
Analyst, Gary E Bisbee, said, "We estimate F3Q'12 revenue growth of 8.9% (6.2% organic) y/y to $1,022 million, and a 24.3% y/y EPS rise to $0.51 (vs. the consensus $0.52). Additional expectations: We estimate Rentals and Other Services organic revenue growth of 6.5%/5.5% y/y, respectively, vs. +7.9%/+4.8% last quarter."
Bisbee rated the stock at equalweight, saying shares are fairly valued. He stated, "...we believe CTAS balances its strong recent growth and share repurchases with a weak growth track record and concerns over the long-term growth potential of the uniform units."
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 $40.27 yesterday.
Analyst, Gary E Bisbee, said, "We estimate F3Q'12 revenue growth of 8.9% (6.2% organic) y/y to $1,022 million, and a 24.3% y/y EPS rise to $0.51 (vs. the consensus $0.52). Additional expectations: We estimate Rentals and Other Services organic revenue growth of 6.5%/5.5% y/y, respectively, vs. +7.9%/+4.8% last quarter."
Bisbee rated the stock at equalweight, saying shares are fairly valued. He stated, "...we believe CTAS balances its strong recent growth and share repurchases with a weak growth track record and concerns over the long-term growth potential of the uniform units."
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 $40.27 yesterday.
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