Robert W. Baird Forecasts Strong Price Appreciation for Cintas (NASDAQ:CTAS) Stock

Cintas (NASDAQ:CTAS) had its target price increased by equities research analysts at Robert W. Baird from $220.00 to $225.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s target price would suggest a potential upside of 18.49% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Citigroup raised their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Redburn Partners set a $184.00 price objective on Cintas in a report on Tuesday, November 11th. Royal Bank Of Canada restated a “sector perform” rating on shares of Cintas in a report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research report on Monday. Finally, Morgan Stanley lowered their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $213.07.

Cintas Trading Up 1.3%

NASDAQ:CTAS opened at $189.89 on Friday. The company has a 50-day moving average price of $186.40 and a 200-day moving average price of $204.83. The stock has a market cap of $76.31 billion, a price-to-earnings ratio of 43.06, a P/E/G ratio of 3.24 and a beta of 0.96. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas has a 12 month low of $180.39 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities analysts predict that Cintas will post 4.31 EPS for the current year.

Cintas declared that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WPG Advisers LLC purchased a new position in Cintas in the 1st quarter worth approximately $27,000. Saudi Central Bank purchased a new stake in Cintas during the 1st quarter valued at $29,000. Triumph Capital Management bought a new stake in shares of Cintas in the 3rd quarter worth $29,000. Barnes Dennig Private Wealth Management LLC raised its stake in shares of 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 purchasing an additional 128 shares during the last quarter. Finally, Alpine Bank Wealth Management lifted its holdings in shares of Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

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.