Synergies Make Cintas' Acquisitions Pay Off
Unemployment is at its lowest levels in decades. Having more Americans at work means more business for Cintas (NASDAQ: CTAS), with its uniform rental and facility services seeing increased demand when more employees need to take advantage of the company's products. The outlook for the job market has been so good for so long that Cintas seized the opportunity to expand its business with its acquisition of G&K last year.
Coming into Thursday's fiscal second-quarter financial report, Cintas shareholders were hoping that the company would keep reaping the benefits of that acquisition, producing cost savings that could translate into higher profits. Cintas' results were encouraging, and the synergies that it has found from integrating G&K into its operations bode well for its future. Let's take a closer look at Cintas' latest numbers and what they say about its prospects.
Image source: Cintas.
Source: Fool.com
Cintas Corp. Stock
Cintas Corp. is currently one of the favorites of our community with 20 Buy predictions and no Sell predictions.
With a current price of 706.4 € Cintas Corp. is right around the predicted target price of 712 €.
