Cintas (NASDAQ:CTAS) Given New $181.00 Price Target at Citigroup

Key Points

• Citigroup raised its Cintas price target from $180 to $181 but maintained a “sell” rating, implying 7.54% downside from the stock’s previous close.
• Analyst sentiment is more positive overall: Cintas has a “Moderate Buy” consensus rating and an average price target of $216.08, supported by eight Buy, five Hold, and one Sell rating.
• Cintas recently exceeded quarterly expectations, reporting $1.39 in EPS and $3.01 billion in revenue, while revenue increased 10.9% year over year. Institutional ownership stands at 63.46%.

Cintas (NASDAQ:CTAS - Get Free Report) had its target price hoisted by Citigroup from $180.00 to $181.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a "sell" rating on the business services provider's stock. Citigroup's target price would suggest a potential downside of 7.54% from the stock's previous close.

A number of other research analysts have also weighed in on the company. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $206.00 price objective on shares of Cintas in a research report on Thursday, September 24th. UBS Group reaffirmed a "buy" rating and set a $235.00 target price (up from $230.00) on shares of Cintas in a report on Thursday, September 24th. Robert W. Baird set a $222.00 price target on shares of Cintas and gave the company an "outperform" rating in a report on Thursday, September 24th. Finally, Weiss Ratings upgraded shares of Cintas from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, September 11th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cintas presently has a consensus rating of "Moderate Buy" and an average price target of $216.08.

Cintas Stock Performance

Shares of CTAS traded down $1.99 during midday trading on Wednesday, reaching $195.75. The stock had a trading volume of 454,836 shares, compared to its average volume of 2,143,588. The firm has a market cap of $78.44 billion, a PE ratio of 38.60, a P/E/G ratio of 3.19 and a beta of 0.91. The firm has a 50 day simple moving average of $202.11 and a 200-day simple moving average of $185.52. Cintas has a one year low of $161.16 and a one year high of $219.16. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. Cintas's revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, sell-side analysts anticipate that Cintas will post 5.52 EPS for the current year.

Institutional Investors Weigh In On Cintas

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Cintas in the second quarter worth $4,520,425,000. Bank of New York Mellon Corp bought a new position in Cintas in the 2nd quarter valued at about $644,334,000. Legal & General Group Plc acquired a new position in shares of Cintas in the 2nd quarter valued at approximately $386,159,000. Bank of America Corp DE acquired a new position in shares of Cintas in the 2nd quarter valued at approximately $233,111,000. Finally, Deutsche Bank AG bought a new stake in shares of Cintas during the 2nd quarter worth approximately $204,831,000. 63.46% of the stock is currently owned by institutional investors.

About Cintas

Cintas Corporation NASDAQ: CTAS provides workplace services to businesses and organizations across North America. The company's primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.

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