Investor’s Update: Cintas Corporation (NASDAQ:CTAS)

[Zacks] Cintas Corporation (NASDAQ:CTAS) is an intriguing choice for investors because this security in the uniform and related industry space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board.Stock PerformanceTaking a look at the company’s recent performance, Cintas Corporation (CTAS) reported first quarter earnings for fiscal 2015 on September 29^th. The company reported actual earnings per share of $0.78 against the consensus Street estimate of $0.75. This represents year over year growth of 19.80%. Cintas posted revenue of $1.10 billion as estimated.Cintas Corporation (CTAS) is currently valued at $8.00 billion and closed the last trading session at $68.43. The stock has a 50-day moving average of $66.66 and a 200-day moving average of $62.70.

Is this a Buying Opportunity?There are currently nine analysts that we track that cover the stock. Of those nine, four have a Buy rating, four have a hold rating and one has a Sell rating. On a consensus basis this yields a score of 2.33 and a hold. The combined price objective of these covering analysts is $64.88, which represents a 7.77% downside difference to the last closing price.The most recent analyst activity consisted of Barclays reiterating with equal weight stance on the company. Barclays has a price target of $65.00 to $68.00. On the date of the report, the stock closed at $70.59.Another research firm weighing in recently was Bank of America who also reiterated underperform rating on the stock. On September 30^th Bank of America boosted their price target on the stock from $59 to $60, or a 15% downside to the current price. On the day of the report, CTAS shares closed at $70.59.Company ProfileCintas (NASDAQ:CTAS) provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. The company operates in four segments: Rental Uniforms and Ancillary Products; Uniform Direct Sales; First Aid, Safety and Fire Protection Services; and Document Management Services. The Rental Uniforms and Ancillary Products segment rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services.