Cintas Corporation (NASDAQ:CTAS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Cintas a “Moderate Buy” consensus, with seven buy ratings, one strong buy, six holds and one sell. The average 12-month price target is $212.31.
• Cintas exceeded quarterly expectations, reporting $1.29 EPS and $2.91 billion in revenue, up 8.9% year over year. The company also issued fiscal 2027 EPS guidance of $5.36–$5.50.
• The company raised its quarterly dividend from $0.45 to $0.52 per share, implying a 1.0% annual yield; institutional investors own 63.46% of outstanding shares.

Cintas Corporation (NASDAQ:CTAS - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $212.3077.

A number of research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Cintas from $200.00 to $214.00 and gave the stock an "outperform" rating in a report on Thursday, July 16th. Weiss Ratings raised Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Truist Financial decreased their price target on shares of Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, June 15th. Wells Fargo & Company reiterated an "overweight" rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th.

Cintas Trading Down 0.8%

CTAS opened at $204.15 on Friday. The stock has a market capitalization of $81.69 billion, a P/E ratio of 54.59, a P/E/G ratio of 3.32 and a beta of 0.92. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Cintas has a 12 month low of $161.16 and a 12 month high of $219.16. The firm's fifty day simple moving average is $193.76 and its 200 day simple moving average is $185.38.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.87 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The company's revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, research analysts anticipate that Cintas will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.52 per share. This is a boost from Cintas's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas's payout ratio is presently 55.61%.

Institutional Trading of Cintas

A number of hedge funds and other institutional investors have recently modified their holdings of CTAS. Brighton Jones LLC increased its position in shares of Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after purchasing an additional 108 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider's stock valued at $321,000 after buying an additional 428 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Cintas in the 2nd quarter valued at approximately $625,000. Treasurer of the State of North Carolina grew its stake in shares of Cintas by 20.3% in the second quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider's stock valued at $47,291,000 after buying an additional 35,781 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Cintas by 50.2% in the second quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider's stock valued at $20,710,000 after buying an additional 31,068 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Company Profile

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.

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