Cintas (NASDAQ:CTAS) Given New $176.00 Price Target at Citigroup

Key Points

• Citigroup has increased Cintas' price target from $172.00 to $176.00, maintaining a "sell" rating, which suggests a potential downside of 12.89% from its previous close.
• Other brokerages like Morgan Stanley and UBS Group have also raised their price targets for Cintas, with the consensus target currently at $224.00.
• Cintas reported a quarterly earnings of $1.20 per share, beating analysts' estimates, and its revenue grew by 8.7% compared to the same quarter last year.

Cintas (NASDAQ:CTAS - Get Free Report) had its target price boosted by Citigroup from $172.00 to $176.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "sell" rating on the business services provider's stock. Citigroup's price objective would indicate a potential downside of 12.89% from the company's previous close.

A number of other brokerages also recently issued reports on CTAS. Morgan Stanley boosted their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. reduced their price objective on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a research report on Thursday. UBS Group boosted their target price on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. The Goldman Sachs Group boosted their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird boosted their target price on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $224.00.

Cintas Stock Up 1.0%

Shares of Cintas stock opened at $202.05 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51. The company's fifty day simple moving average is $213.16 and its two-hundred day simple moving average is $212.57. The company has a market cap of $81.42 billion, a P/E ratio of 44.80, a PEG ratio of 3.46 and a beta of 1.01. Cintas has a 12-month low of $180.78 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts anticipate that Cintas will post 4.31 EPS for the current year.

Insider Buying and Selling

In other news, Director Martin Mucci purchased 1,200 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were bought at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the purchase, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cintas

Hedge funds have recently bought and sold shares of the company. WPG Advisers LLC bought a new position in Cintas in the 1st quarter worth about $27,000. Saudi Central Bank bought a new position in Cintas during the 1st quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC lifted its stake in Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider's stock valued at $32,000 after acquiring an additional 128 shares during the period. Golden State Wealth Management LLC lifted its stake in Cintas by 3,925.0% during the 2nd 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 period. Finally, Addison Advisors LLC lifted its stake in Cintas by 57.0% during the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider's stock valued at $37,000 after acquiring an additional 61 shares during the period. 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.

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