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
CTAS Stock Price: $441.79
10 Day Moving Average: $435.29
50 Day Moving Average: $438.99
200 Day Moving Average: $419.13
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 ***