JPMorgan Chase & Co. Lowers Cintas (NASDAQ:CTAS) Price Target to $230.00

Key Points

• JPMorgan Chase & Co. has lowered its price target for Cintas (CTAS) from $246.00 to $230.00, still maintaining an "overweight" rating, indicating a potential upside of 14.98% based on the stock's previous close.
• Other analysts have set varying price targets for Cintas, with ranges from $220.00 to $255.00, while the stock has received a mix of ratings including one Strong Buy, six Buy, five Hold, and two Sell ratings.
• Cintas recently reported quarterly earnings of $1.20 per share, exceeding expectations and showing an 8.7% increase in revenue compared to the same quarter last year.

Cintas (NASDAQ:CTAS - Get Free Report) had its price objective lowered by stock analysts at JPMorgan Chase & Co. from $246.00 to $230.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 14.98% from the stock's previous close.

CTAS has been the subject of several other research reports. Morgan Stanley boosted their price objective on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. UBS Group boosted their price target on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Robert W. Baird boosted their price target on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 price target on shares of Cintas in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $223.85.

Cintas Price Performance

NASDAQ CTAS opened at $200.04 on Thursday. Cintas has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The stock has a market capitalization of $80.61 billion, a PE ratio of 45.36, a P/E/G ratio of 3.46 and a beta of 1.01. The stock has a 50-day simple moving average of $213.56 and a 200 day simple moving average of $212.56.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The business had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm's 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. Research analysts anticipate that Cintas will post 4.31 EPS for the current year.

Insider Transactions at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction dated Monday, July 28th. The shares were 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 of the company's stock, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin Mucci acquired 1,200 shares of the company's stock in a transaction dated Monday, July 21st. The shares were purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the acquisition, the director owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CTAS. Vanguard Group Inc. increased its holdings in Cintas by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider's stock valued at $8,554,672,000 after purchasing an additional 524,829 shares in the last quarter. State Street Corp increased its holdings in Cintas by 0.5% during the 2nd quarter. State Street Corp now owns 15,118,190 shares of the business services provider's stock valued at $3,369,391,000 after purchasing an additional 82,029 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cintas by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider's stock valued at $2,049,017,000 after purchasing an additional 314,860 shares in the last quarter. Nuveen LLC acquired a new stake in Cintas during the 1st quarter valued at $1,877,760,000. Finally, Invesco Ltd. increased its holdings in Cintas by 11.2% during the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider's stock valued at $1,094,596,000 after purchasing an additional 495,486 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

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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