Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cintas Corp before investing.

In this article, we go over a few key elements for understanding Cintas Corp’s stock price such as:

• Cintas Corp’s current stock price and volume
• Why Cintas Corp’s stock price changed recently
• Upgrades and downgrades for CTAS from analysts
• CTAS’s stock price momentum as measured by its relative strength

About Cintas Corp (CTAS)

Before we jump into Cintas Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Cintas Corporation develops uniform programs using fabric. The Company helps businesses of all types and sizes, primarily in the United States, as well as Canada and Latin America. The Company operates through two segments: Uniform Rental and Facility Services segment and the First Aid and Safety Services segment. The Uniform Rental and Facility Services segment consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items. This segment also includes restroom cleaning services and supplies and the sale of items from its catalogs to its customers. The First Aid and Safety Services segment consists of first aid and safety products and services. The remainder of its segments, which consists of the Fire Protection Services segment and the Uniform Direct Sale segment, is included in All Other. It provides its products and services to small service and manufacturing companies and to corporations.

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Cintas Corp’s Stock Price as of Market Close

As of September 12, 2024, 4:00 PM, CST, Cintas Corp’s stock price was $206.02.

Cintas Corp is down 74.87% from its previous closing price of $819.83.

During the last market session, Cintas Corp’s stock traded between $795.37 and $820.96. Currently, there are 101.57 million shares of Cintas Corp stock available for purchase.

Cintas Corp’s price-earnings (P/E) ratio is currently at 54.1, which is high compared to the Business Support Services industry median of 22.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cintas Corp Stock Price History

Cintas Corp’s (CTAS) price is currently down 74.41% so far this month.

During the month of September, Cintas Corp’s stock price has reached a high of $820.96 and a low of $201.92.

Over the last year, Cintas Corp has hit prices as high as $820.96 and as low as $474.74. Year to date, Cintas Corp’s stock is down 54.38%.

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What Caused Cintas Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 11, 2024, there were 4 analysts who downgraded Cintas Corp’s stock and 10 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cintas Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cintas Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cintas Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cintas Corp (CTAS) by visiting AAII Stock Evaluator.

Relative Price Strength of Cintas Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 11, 2024, Cintas Corp has a weighted four-quarter relative price strength of 8.40%, which translates to a Momentum Score of 86 and is considered to be Very Strong.

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Cintas Corp Stock Price: Bottom Line

As of September 12, 2024, Cintas Corp’s stock price is $206.02, which is down 74.87% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cintas Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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