Cintas Corporation (NASDAQ:CTAS) Receives Average Rating of “Moderate Buy” from Analysts

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

Several research analysts have recently commented on CTAS shares. Truist Financial reduced their target price on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Wells Fargo & Company restated an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird raised their price target on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Thursday, July 16th. Finally, Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th.

Institutional Investors Weigh In On Cintas

Several hedge funds have recently bought and sold shares of CTAS. Brighton Jones LLC boosted its holdings in shares of Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after acquiring an additional 108 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Cintas by 42.3% during the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after purchasing an additional 428 shares during the period. Gamco Investors INC. ET AL acquired a new stake in Cintas during the 2nd quarter worth approximately $625,000. Treasurer of the State of North Carolina lifted its holdings in Cintas by 20.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock worth $47,291,000 after purchasing an additional 35,781 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in Cintas by 50.2% in the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock valued at $20,710,000 after purchasing an additional 31,068 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Down 0.8%

Shares of CTAS stock opened at $204.15 on Friday. Cintas has a 52-week low of $161.16 and a 52-week high of $219.16. The stock has a market cap of $81.69 billion, a price-to-earnings ratio of 54.59, a PEG ratio of 3.32 and a beta of 0.92. The firm’s 50-day moving average is $193.76 and its 200-day moving average is $185.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43.

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

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.52 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is currently 55.61%.

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.