The Latest Breaking News from Cintas

Many big U.S. businesses say they have been able to increase prices this year with limited pushback from customers. Not all the changes are leading to higher corporate profits.

The Dow Jones Industrial Average rose Wednesday, ahead of Fed chief Powell's speech, struggling to avoid a seventh straight decline.

CTAS will announce fourth-quarter earnings Thursday as it looks to close the 2022 fiscal year with strong growth numbers.

Cintas's (NASDAQ:CTAS) short percent of float has risen 7.2% since its last report. The company recently reported that it has 1.17 million shares sold short, which is 1.34% of all regular shares that are available for trading.

Cintas (NASDAQ:CTAS) has outperformed the market over the past 10 years by 14.47% on an annualized basis producing an average annual return of 25.43%. Currently, Cintas has a market capitalization of $38.87 billion.

Cintas's (NASDAQ:CTAS) short percent of float has risen 5.66% since its last report. The company recently reported that it has 975.10 thousand shares sold short, which is 1.12% of all regular shares that are available for trading.

Cintas (NASDAQ:CTAS) has outperformed the market over the past 15 years by 9.68% on an annualized basis producing an average annual return of 16.14%. Currently, Cintas has a market capitalization of $38.79 billion.

Cintas (NASDAQ:CTAS) has outperformed the market over the past 5 years by 14.57% on an annualized basis producing an average annual return of 25.74%. Currently, Cintas has a market capitalization of $40.73 billion.

Deepening logistical disruptions caused by the Russia-Ukraine war, record-high inflation, and high oil prices have dampened investor sentiment. Furthermore, many economists expect the economy to succumb to a recession, with inflation hitting a fresh 40-year high and oil prices soaring. Therefore, we think it could be wise to bet on…

Upgrades

Cintas Corp's (NASDAQ:CTAS) price target was raised to $493 from $460 by Goldman Sachs analyst George Tong while maintaining the Buy rating on the shares. Tong predicts continued strength from the healthcare sector that is increasingly adopting uniform rental programs at Cintas post-COVID due to cost and hygiene benefits. Related: Cintas' Q3 Results Beat Estimates, Clocks…