Brokerages Set Cintas Corporation (NASDAQ:CTAS) Price Target at $211.64

by · The Markets Daily

Shares of Cintas Corporation (NASDAQ:CTAS – Get Free Report) have earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $212.00.

Several brokerages recently issued reports on CTAS. JPMorgan Chase & Co. cut their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Citigroup reissued a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a report on Monday. Sanford C. Bernstein started coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research note on Friday, December 19th.

Check Out Our Latest Research Report on CTAS

Cintas Trading Down 2.0%

Shares of Cintas stock opened at $186.80 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The firm has a 50-day moving average of $186.55 and a 200-day moving average of $203.49. Cintas has a 52-week low of $180.39 and a 52-week high of $229.24. The stock has a market cap of $75.07 billion, a PE ratio of 54.46, a PEG ratio of 3.28 and a beta of 0.96.

Cintas (NASDAQ:CTAS – Get Free Report) last issued its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business’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. As a group, sell-side analysts forecast that Cintas will post 4.31 EPS for the current year.

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

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were given a dividend of $0.45 per share. The ex-dividend date was Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Institutional Trading of Cintas

Several institutional investors and hedge funds have recently modified their holdings of the business. WPG Advisers LLC bought a new position in Cintas in the first quarter valued at about $27,000. Triumph Capital Management acquired a new stake in shares of Cintas in the 3rd quarter valued at approximately $29,000. Saudi Central Bank bought a new stake in shares of Cintas during the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC increased its position in Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 157 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

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.

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