Cintas (NASDAQ:CTAS) Price Target Cut to $206.00 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has cut its price target for Cintas from $240.00 to $206.00, maintaining a "sector perform" rating, indicating a potential upside of only 1.99% from the previous close.
• Multiple analysts have varied opinions on Cintas, with JP Morgan reducing its target to $230.00 and Wells Fargo increasing it to $221.00, while overall consensus rates the stock as a "Hold" with a target price of $221.00.
• Cintas reported an EPS of $1.20 for the latest quarter, slightly surpassing estimates, along with a revenue increase of 8.7% year-over-year, signaling continued business growth.

Cintas (NASDAQ:CTAS - Get Free Report) had its target price cut by investment analysts at Royal Bank Of Canada from $240.00 to $206.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "sector perform" rating on the business services provider's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 1.99% from the stock's previous close.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research note on Thursday. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. UBS Group increased their price objective on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Robert W. Baird boosted their price target on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, Morgan Stanley boosted their target price on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $221.00.

Cintas Stock Performance

Shares of CTAS stock traded up $1.95 during trading hours on Thursday, reaching $201.99. The company had a trading volume of 174,252 shares, compared to its average volume of 1,750,699. The business has a fifty day moving average price of $213.56 and a 200-day moving average price of $212.56. The firm has a market cap of $81.40 billion, a PE ratio of 45.75, a price-to-earnings-growth ratio of 3.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. Cintas has a one year low of $180.78 and a one year high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.Cintas's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts predict that Cintas will post 4.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin Mucci acquired 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, the director owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 14.90% of the company's stock.

Hedge Funds Weigh In On Cintas

Large investors have recently bought and sold shares of the business. WPG Advisers LLC purchased a new position in Cintas in the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new stake in Cintas in the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC raised its position in 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 acquiring an additional 128 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider's stock valued at $36,000 after purchasing an additional 157 shares during the period. Finally, Addison Advisors LLC lifted its position in shares of 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. Hedge funds and other institutional investors own 63.46% of the company's stock.

About Cintas

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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