Cintas Corporation (NASDAQ:CTAS) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Cintas Corporation (NASDAQ:CTAS) has been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $218.62.

Several brokerages have recently issued reports on CTAS. Bank of America reissued a “buy” rating and set a $232.00 price target on shares of Cintas in a report on Thursday, October 29th. Citigroup increased their price objective on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a report on Wednesday, September 30th. Rothschild & Co Redburn lifted their price objective on shares of Cintas from $184.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Weiss Ratings downgraded shares of Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CTAS. Gen Wealth Partners Inc lifted its holdings in Cintas by 2.7% in the third quarter. Gen Wealth Partners Inc now owns 1,818 shares of the business services provider’s stock worth $355,000 after purchasing an additional 47 shares during the period. William Allan Corp grew its position in Cintas by 0.5% in the 3rd quarter. William Allan Corp now owns 9,608 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 48 shares in the last quarter. Global Retirement Partners LLC grew its position in Cintas by 0.4% in the 3rd quarter. Global Retirement Partners LLC now owns 11,140 shares of the business services provider’s stock valued at $2,173,000 after buying an additional 48 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in Cintas by 1.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider’s stock valued at $580,000 after buying an additional 54 shares during the period. Finally, Parallel Advisors LLC increased its stake in Cintas by 0.9% during the 3rd quarter. Parallel Advisors LLC now owns 7,090 shares of the business services provider’s stock valued at $1,383,000 after buying an additional 61 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $225.28 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. Cintas has a fifty-two week low of $161.16 and a fifty-two week high of $233.46. The firm has a 50-day simple moving average of $207.31 and a 200 day simple moving average of $191.58. The company has a market cap of $89.45 billion, a PE ratio of 44.43, a P/E/G ratio of 3.54 and a beta of 0.86.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the business posted $1.20 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, sell-side analysts anticipate that Cintas will post 5.53 EPS for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Cintas’s dividend payout ratio is 41.03%.

Cintas Company Profile

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms. The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment. Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.