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Moody's Ratings announces completion of a periodic review of ratings o...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Cintas Corporation No. 2 and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 1 July 2024 in which we reassessed the appropriateness of the ratings in the conte...
Moody's affirms Cintas' A3 long-term senior unsecured and Prime-2 shor...
Moody's Investors Service ("Moody's") affirmed Cintas Corporation No.2's (together with indirect parent and publicly traded Cintas Corporation, "Cintas") A3 senior unsecured rating and Prime-2 short-term commercial paper rating. The outlook remains stable. Cintas is the largest provider of uniform r...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
DXY Break Below $101 Suggests Breakouts Likely Coming for Equal-Weight SPX, Dow, and Russell 2000 Ever since our 5/30/23 ETF Pathfinder, our view has been that we cannot be bearish unless a key support level breaks (at the time, that was 4050 on the S&P 500). The S&P 500 is now above 4300-4325 -- a level that, in January this year, we had anticipated would cap upside for 2023. It is increasingly likely that 4300-4325 will act as major support moving forward, and we are bullish as long as the S&...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Russell 2000 (IWM) Testing $180 Resistance Since January 2023 we have discussed how we anticipate 4165-4200 to cap upside on the S&P 500 for 2023, but that a rally to 4300-4325 is also possible; this remains our view. So far there has not been much traction above 4200. An obvious problem continues to be weak breadth, but as we have discussed since our May 9th U.S. Macro Vision, this does not have to end badly. There is a possibility that large-caps (AAPL, META, MSFT, GOOGL, NVDA, etc.) could pa...
OMC OMNICOM GROUP INC
IPG INTERPUBLIC GROUP OF COMPANIES INC.
HCSG HEALTHCARE SERVICES GROUP INC.
ESNT ESSENT GROUP LTD.
ECL ECOLAB INC.
CTAS CINTAS CORPORATION
BSBR BANCO SANTANDER BRAZIL S.A. ADS
BSAC BANCO SANTANDER-CHILE ADS
D8Q BANCO LATINOAMERICANO DE COMERCIO EXTERIOR S.A. CLASS E
G4RA BANCO DE CHILE ADS
BBD BANCO BRADESCO S.A. ADS
MG/CN
GGAL. MAGNA INTERNATIONAL INC.
MTG GRUPO FINANCIERO GALICIA SA SPONSORED ADR CLASS B
NMIH MGIC INVESTMENT CORPORATION
TNC NMI HOLDINGS INC. CLASS A
BMA. TENNANT COMPANY
PUBGY BANCO MACRO SA SPONSORED ADR CLASS B
SDXAY PUBLICIS GROUPE S.A. ADS
SODEXO S.A. ADS
Moody's assigns A3 rating to Cintas' proposed senior unsecured notes i...
Moody's Investors Service ("Moody's") assigned an A3 senior unsecured rating to Cintas Corporation No. 2's (together with indirect parent and publicly traded Cintas Corporation, "Cintas") proposed $1.2 billion notes offering. The outlook is stable. The net proceeds from the debt issuance will be use...
- Valens Research
Valens Equity Insights and Inflections - 2022 03 01
United Natural Foods (UNFI) is working to diversify and grow its business to lean into long-term industry tailwinds. Uniform Accounting highlights that the market is pricing in a reversal of recent profitability trends, as opposed to a likely strengthening. Considering management's strong execution, and industry tailwinds its well positioned to benefit from, equity upside is warranted. United Natural has taken several steps to diversify its customer base and expand its distribution network...
- Valens Research
CTAS - Embedded Expectations Analysis - 2022 02 25
Cintas Corporation (CTAS) currently trades above corporate and near historical averages relative to Uniform earnings, with a 30.0x Uniform P/E (Fwd. V/E'). At these levels, markets are pricing in expectations for Uniform ROA to expand to record highs of 35%, accompanied by 5% Uniform asset growth. Meanwhile, analysts expect Uniform ROA to maintain 27%-28% levels through 2023, accompanied by 2% Uniform asset growth. If sustained going forward, these levels would imply a stock price closer to $...
CINTAS sees a downgrade to Slightly Negative on account of less fundam...
The independent financial analyst theScreener just lowered the general evaluation of CINTAS (US), active in the Business Support Services industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date January 4, 2022, the closing price was USD 425...
Moody's announces completion of a periodic review of ratings of Cintas...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cintas Corporation No. 2. Global Credit Research- 09 Dec 2021. New York, December 09, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Cintas Corporation No. 2 and other ratings that are associated with the same analytical unit.
- Valens Research
Valens Equity Insights and Inflections - 2021 11 23
eBay Inc. (EBAY) has gone through a period of rightsizing the business in order to turbocharge growth during and after the pandemic. Uniform Accounting highlights that the market is missing that eBay is poised for profitability expansion as it finalizes its business transformation and begins growing its core business, signalizing equity upside. eBay has taken the pandemic as an opportunity to grow its core platform by scaling an advertising platform, integrating its own payments system, and e...
ANTM ANTHEM INC.
VZ VERIZON COMMUNICATIONS INC.
SNPS SYNOPSYS INC.
NEE NEXTERA ENERGY INC.
LGIH LGI HOMES INC.
ISRG INTUITIVE SURGICAL INC.
HON HONEYWELL INTERNATIONAL INC.
FCX FREEPORT-MCMORAN INC.
EBAY EBAY INC.
CTAS CINTAS CORPORATION
CSL CARLISLE COMPANIES INCORPORATED
BIIB BIOGEN INC.
UNP UNION PACIFIC CORPORATION
NFLX NETFLIX INC.
CMG CHIPOTLE MEXICAN GRILL INC.
MSM MSC INDUSTRIAL DIRECT CO. INC. CLASS A
AAPL APPLE INC.
MSFT MICROSOFT CORPORATION
ABT ABBOTT LABORATORIES
DOW DOW INC.
- Valens Research
CTAS - Embedded Expectations Analysis - 2021 11 16
Cintas Corporation (CTAS) currently trades above corporate and historical averages relative to Uniform earnings, with a 38.8x Uniform P/E (Fwd. V/E'). At these levels, markets are pricing in expectations for Uniform ROA to expand to record highs of 41%, accompanied by 5% Uniform asset growth. Meanwhile, analysts expect Uniform ROA to remain stable at 25% through 2023, accompanied by 1% Uniform asset growth. If sustained going forward, these levels would imply a stock price closer to $204, rep...
- Valens Research
Valens Equity Insights and Inflections - 2021 08 17
The market is pricing in a reckoning for the memory chip supply market, to which ICHR is a key supplier. Expectations are for the company's earning power to fade to historically low levels, even as the memory market is in a secular growth cycle. The market expects Ichor, which has seen UAFRS-based ROA (Uniform ROA or ROA′) remain above 20% in each of the last seven years, to fade to an all-time low. This seems to be ignoring both Ichor's dominant position in its sub-industry and the memory mar...
EFX EQUIFAX INC.
UNH UNITEDHEALTH GROUP INCORPORATED
TXN TEXAS INSTRUMENTS INCORPORATED
SKX SKECHERS U.S.A. INC. CLASS A
INTC INTEL CORPORATION
IFF INTERNATIONAL FLAVORS & FRAGRANCES INC.
HCA HCA HEALTHCARE INC
FE FIRSTENERGY CORP.
FAST FASTENAL COMPANY
ES EVERSOURCE ENERGY
CTAS CINTAS CORPORATION
CSL CARLISLE COMPANIES INCORPORATED
NFLX NETFLIX INC.
BF.B BROWN-FORMAN CORPORATION CLASS B
GATX GATX CORPORATION
ICHR ICHOR HOLDINGS LTD.
IBM INTERNATIONAL BUSINESS MACHINES CORPORATION
ABT ABBOTT LABORATORIES
ADT ADT INC
VTRS VIATRIS INC.
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