Cintas (NASDAQ:CTAS) Price Target Raised to $225.00

Cintas (NASDAQ:CTASFree Report) had its price objective hoisted by Robert W. Baird from $220.00 to $225.00 in a report released on Friday morning, Marketbeat.com reports. Robert W. Baird currently has a neutral rating on the business services provider’s stock.

Several other research firms have also issued reports on CTAS. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 15th. Morgan Stanley reduced their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Friday. Sanford C. Bernstein began coverage on Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective on the stock. Finally, Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price for the company in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Cintas has a consensus rating of “Hold” and an average price target of $211.64.

Get Our Latest Stock Analysis on CTAS

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $187.57 on Friday. Cintas has a 1 year low of $180.39 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.94 and a current ratio of 1.71. The stock has a fifty day moving average price of $186.39 and a two-hundred day moving average price of $204.23. The firm has a market cap of $75.38 billion, a P/E ratio of 56.67, a PEG ratio of 3.24 and a beta of 0.96.

Cintas (NASDAQ:CTASGet Free Report) last announced its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Research analysts forecast that Cintas will post 4.31 EPS for the current fiscal year.

Cintas declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 14th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio is currently 54.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CTAS. Vanguard Group Inc. boosted its holdings in Cintas by 1.5% during the third quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after acquiring an additional 564,487 shares during the period. State Street Corp lifted its position in shares of Cintas by 0.5% during the 2nd quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock worth $3,369,391,000 after purchasing an additional 82,029 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cintas by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock valued at $2,049,017,000 after purchasing an additional 314,860 shares during the period. Invesco Ltd. boosted its stake in Cintas by 11.2% during the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock valued at $1,094,596,000 after purchasing an additional 495,486 shares during the period. Finally, Norges Bank acquired a new stake in Cintas in the 2nd quarter valued at approximately $925,531,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Cintas

Here are the key news stories impacting Cintas this week:

About Cintas

(Get Free Report)

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

Featured Articles

Analyst Recommendations for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.