Cintas Likely To Report Higher Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Cintas Corporation CTAS is expected to report financial results for its fiscal year 2024 first quarter, before the opening bell on Sept. 26, 2023.

Analysts expect the company to post quarterly earnings at $3.67 per share, up from year-ago earnings of $3.39 per share. The company’s revenue might come in at $2.34 billion, compared to $2.08 billion in the year-ago period.

Cintas shares rose 0.2% to close at $505.52 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Deutsche Bank analyst Faiza Alwy maintained a Buy rating and raised the price target from $542 to $551 on July 14, 2023. This analyst has an accuracy rate of 66%.
• Argus Research analyst John Eade maintained a Buy rating and boosted the price target from $510 to $540 on July 14, 2023. This analyst has an accuracy rate of 72%.
• Barclays analyst Manav Patnaik maintained an Overweight rating and increased the price target from $500 to $550 on July 14, 2023. This analyst has an accuracy rate of 73%.
• RBC Capital analyst Ashish Sabadra reiterated an Outperform rating with a price target of $525 on May 22, 2023. This analyst has an accuracy rate of 64%.
• Jefferies analyst Stephanie Moore downgraded the stock from Buy to Neutral and cut the price target from $512 to $487 on March 31, 2023. This analyst has an accuracy rate of 71%.

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