Cintas Corporation (NASDAQ:CTAS) Receives $212.31 Consensus Price Target from Brokerages

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

Several analysts recently commented on the stock. Truist Financial cut their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Cintas in the 2nd quarter worth about $4,520,425,000. Norges Bank purchased a new stake in shares of Cintas during the 4th quarter valued at about $923,672,000. Bank of New York Mellon Corp purchased a new stake in shares of Cintas during the 2nd quarter valued at about $644,334,000. Deutsche Bank AG bought a new stake in shares of Cintas in the second quarter worth approximately $204,831,000. Finally, Two Sigma Investments LP grew its stake in shares of Cintas by 5,641.3% in the third quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock worth $208,682,000 after acquiring an additional 998,963 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

Cintas stock opened at $203.05 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $186.23 and its two-hundred day simple moving average is $184.35. Cintas has a 12 month low of $161.16 and a 12 month high of $226.75. The company has a market capitalization of $81.25 billion, a price-to-earnings ratio of 54.29, a price-to-earnings-growth ratio of 3.28 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last released its 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 firm had revenue of $2.91 billion for 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%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities analysts predict that Cintas will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is 48.13%.

About Cintas

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.