Cintas (NASDAQ:CTAS) Price Target Cut to $210.00 by Analysts at Morgan Stanley

Cintas (NASDAQ:CTAS) had its target price decreased by stock analysts at Morgan Stanley from $220.00 to $210.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 11.93% from the stock’s current price.

A number of other research analysts also recently issued reports on CTAS. Citigroup boosted their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target on the stock in a report on Tuesday, November 11th. Sanford C. Bernstein initiated coverage on shares of Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $212.00.

Cintas Stock Performance

Shares of CTAS stock opened at $187.62 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas has a one year low of $180.39 and a one year high of $229.24. The business’s 50 day simple moving average is $186.66 and its 200 day simple moving average is $205.06. The stock has a market capitalization of $75.40 billion, a PE ratio of 42.54, a PEG ratio of 3.26 and a beta of 0.96.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, research analysts forecast that Cintas will post 4.31 earnings per share for the current year.

Cintas announced that its board has initiated a share repurchase program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Cintas

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

Cintas Company Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.