CTAS Stock Summary and Trading Ideas (Cintas | NASDAQ:CTAS)

Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.

Cintas trades on the NASDAQ stock market under the symbol CTAS.

As of April 23, 2024, CTAS stock price climbed to $666.33 with 515,502 million shares trading.

CTAS has a beta of 0.89, meaning it tends to be less sensitive to market movements. CTAS has a correlation of 0.36 to the broad based SPY ETF.

CTAS has a market cap of $67.61 billion. This is considered a Large Cap stock.

Last quarter Cintas reported $2 billion in Revenue and $3.84 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.26.

In the last 3 years, CTAS stock traded as high as $704.84 and as low as $338.00.

The top ETF exchange traded funds that CTAS belongs to (by Net Assets): VTI, VOO, VO, QQQ, SPY.

CTAS has outperformed the market in the last year with a price return of +46.0% while the SPY ETF gained +24.3%. CTAS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.0% and -1.6%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

CTAS support price is $657.72 and resistance is $672.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CTAS stock will trade within this expected range on the day.