Cintas Corporation (NASDAQ:CTAS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Cintas Corporation (NASDAQ:CTAS) has received an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $212.3077.

CTAS has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research note on Wednesday, July 15th. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. Finally, Truist Financial reduced their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tema ETFs LLC boosted its stake in shares of Cintas by 8.5% in the 2nd quarter. Tema ETFs LLC now owns 5,548 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 435 shares in the last quarter. Paladin Wealth LLC raised its position in Cintas by 21.9% in the 2nd quarter. Paladin Wealth LLC now owns 3,236 shares of the business services provider’s stock worth $550,000 after purchasing an additional 581 shares during the period. Fluent Financial LLC lifted its stake in Cintas by 2.9% in the second quarter. Fluent Financial LLC now owns 5,110 shares of the business services provider’s stock worth $869,000 after purchasing an additional 143 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in Cintas by 3.3% in the second quarter. Everhart Financial Group Inc. now owns 5,648 shares of the business services provider’s stock worth $961,000 after purchasing an additional 179 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services boosted its position in Cintas by 0.4% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,447 shares of the business services provider’s stock valued at $2,967,000 after buying an additional 70 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

CTAS opened at $204.63 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The company’s 50-day moving average is $183.11 and its 200 day moving average is $184.06. Cintas has a fifty-two week low of $161.16 and a fifty-two week high of $226.75. The firm has a market capitalization of $81.89 billion, a P/E ratio of 54.71, a PEG ratio of 3.30 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the business posted $1.09 earnings per share. Cintas’s revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Research analysts expect that Cintas will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $0.52 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is 48.13%.

Cintas Company Profile

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.