Cintas (NASDAQ:CTAS) Price Target Cut to $218.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo & Company has reduced its price target for Cintas from $221.00 to $218.00, maintaining an "equal weight" rating on the stock.
• Other analysts have mixed views, with JPMorgan lowering its target to $230.00, while Goldman Sachs increased theirs to $257.00, indicating varied expectations for the company's performance.
• Cintas reported earnings of $1.20 per share for the last quarter, beating expectations and showing an 8.7% revenue increase compared to the previous year.

Cintas (NASDAQ:CTAS - Get Free Report) had its target price cut by equities researchers at Wells Fargo & Company from $221.00 to $218.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the business services provider's stock. Wells Fargo & Company's price target would suggest a potential upside of 7.93% from the stock's previous close.

A number of other research analysts have also recently commented on CTAS. JPMorgan Chase & Co. decreased their price target on Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a research note on Thursday. The Goldman Sachs Group boosted their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada decreased their price target on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research note on Thursday. UBS Group increased their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Robert W. Baird increased 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 analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $221.00.

Cintas Price Performance

CTAS traded up $1.95 during midday trading on Thursday, hitting $201.99. 174,252 shares of the company traded hands, compared to its average volume of 1,750,699. The business has a 50 day simple moving average of $213.56 and a two-hundred day simple moving average of $212.56. Cintas has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a market capitalization of $81.40 billion, a price-to-earnings ratio of 45.75, a PEG ratio of 3.46 and a beta of 1.01. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52.

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

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company's stock.

Hedge Funds Weigh In On Cintas

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alpha Financial Partners LLC raised its position in shares of Cintas by 2.9% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider's stock worth $357,000 after purchasing an additional 45 shares during the last quarter. Portside Wealth Group LLC raised its stake in Cintas by 3.5% during the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider's stock valued at $303,000 after buying an additional 46 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Cintas by 3.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock valued at $258,000 after acquiring an additional 47 shares during the last quarter. Elyxium Wealth LLC lifted its stake in shares of Cintas by 3.8% in the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider's stock worth $295,000 after purchasing an additional 48 shares during the period. Finally, Oarsman Capital Inc. boosted its stake in shares of Cintas by 3.9% during the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider's stock worth $272,000 after acquiring an additional 49 shares during 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.

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