CTAS Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for CTAS stock for the next trading week:
Technical Analysis
The technical indicators show:
- RSI at 50.97 indicates neutral momentum
- MACD at -0.90 suggests bearish short-term momentum
- Price is currently trading between SMA20 (190.87) and SMA200 (191.90), indicating a consolidation phase
News Sentiment Analysis
- Recent analyst rating from Stifel Nicolaus maintains a Hold rating with a price target of $208.57
- CINTAS disclosed $140,000 in lobbying expenditures for Q4 2024, focusing on tax provisions and workplace safety legislation
- The company achieved significant improvement in Management Top 250 ranking, increasing score by 9.9 points
Fibonacci Levels for Next Week
- Resistance levels: R1: 200.92, R2: 204.37, R3: 209.97
- Support levels: S1: 189.72, S2: 186.27, S3: 180.67
- Pivot point: 195.32
Price Prediction Based on technical indicators and news sentiment:
- Expected trading range: 189.72 - 204.37
- Most probable target: 195.32 (pivot point)
- Recommendation: HOLD
The stock is likely to remain range-bound between the identified Fibonacci levels. While there's positive institutional sentiment shown by the Management Top 250 ranking improvement, the current technical setup suggests limited upside potential in the short term. The stock is expected to consolidate around the pivot point of 195.32, with strong support at 189.72 and resistance at 204.37.
CTAS Similar Chart Price Prediction
The price of CTAS is predicted to go up 12.86%, based on the high correlation periods with SENEB. The similarity of these two price pattern on the periods is 97.83%.
CTAS
SENEB
Up: 12.86%Similarity: 97.83%
CTAS Revenue Forecast
CTAS EPS Forecast
CTAS FAQs
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CTAS VS S&P500
Cintas' industry-leading operating efficiency stems from its significant scale-based cost advantages, achieved through superior route density.
The firm's impressive sales execution is supporting robust new business wins and greater penetration among existing customers.
There is still ample opportunity for expansion, as companies in the sizable unvended market look to outsource their uniform programs and facilities services.
CTAS Analyst's Forecast
Jasper Bibb
Truist Securities
Strong Buy
Price Target
$225 → $215
Upside
+15.01%
Truist lowered the firm's price target on Cintas to $215 from $225 but keeps a Buy rating on the shares. The stock's post-earnings decline was due to in-line Q2 revenues and a lowered organic growth guide at the high end, though the net revision to organic guidance was minimal, the analyst tells investors in a research note. Truist adds that it sees FY25 EPS outlook as "overall conservative", implying a 25%-33% incremental operating margin in the second half vs. 46% in the first half. The firm is also raising its FY25 EPS view by 10c to $4.31 and its FY26 view by 12c to $4.67.
Jason Haas
Wells Fargo
Sell
Price Target
$191 → $184
Upside
-1.57%
Andrew Wittmann
Baird
Hold
Price Target
$209 → $200
Upside
+6.99%