Cintas Corp. CTAS Stock Analysis

Cintas Corp. stock trades under the ticker CTAS & has shown recent bullishness that traders & investors should research further into.

CTAS stock closed at $441.79/share on 3/20/2023.

Cintas Corp. CTAS Stock’s Technical Performance Broken Down

Cintas Corp. CTAS Stock's Technical Performance Over The Past Year
Cintas Corp. CTAS Stock’s Technical Performance Over The Past Year

CTAS Stock Price: $441.79

10 Day Moving Average: $435.29

50 Day Moving Average: $438.99

200 Day Moving Average: $419.13

RSI: 53.25

MACD: -1.033

Yesterday, CTAS stock completed a bullish MACD crossover, gaining +2.09% on the day’s session.

Their RSI is neutral & recent trading volumes have been below average compared to the year prior, as they have spent much of 2023 in a consolidation range.

CTAS stock has support at the $439.46, $438.99 (50 day moving average) & $438.41/share price level, with resistance at the $447.88, $453.01 & $463.47/share price levels.

Cintas Corp. CTAS Stock As A Long-Term Investment

Long-term oriented investors will like CTAS stock’s 35.48 P/E (ttm), but will find their 12.92 P/B (mrq) to be a bit too high.

They recently reported 13.1% Quarterly Revenue Growth Y-o-Y, with 10.1% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will require a deeper examination, with $89.9M of Total Cash (mrq) & $3.1B of Total Debt (mrq).

CTAS stock pays a 0.97% dividend, which appears to be sustainable in the long-run, as their payout ratio is 34.17%.

66.92% of CTAS stock’s outstanding share float is owned by institutional investors.

Cintas Corp. CTAS Stock As A Short-Term Trade Using Options

Traders with short-term time horizons can trade options to profit from CTAS stock’s price movements, while protecting their portfolios from volatility.

I am looking at the contracts with the 5/19 expiration date.

The $430, $420 & $400 call options are all in-the-money, listed from highest to lowest levels of open interest.

The $460, $480 & $450 puts are also all in-the-money, with the former being more liquid than the latter strikes.

Tying It All Together

CTAS stock has many interesting attributes that traders & investors will find appealing.

Investors will like their recent growth metrics & modest, but stable dividend.

Traders will like their recent technical performance & liquid options.

Overall, it is worth taking a closer look into how CTAS stock fits into your portfolio strategy.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN CTAS STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***