Cintas (NASDAQ:CTAS) Shares Down 6.4% - What's Next?

Key Points

• Cintas shares fell 6.4% to about $211.47, with trading volume roughly 33% below its average. The stock remains near analysts’ average price target of $218.50.
• Analyst sentiment is broadly positive: ten analysts rate Cintas a Buy, six a Hold and one a Sell, resulting in a “Moderate Buy” consensus; recent price targets range from $206 to $240.
• Cintas recently exceeded quarterly expectations, reporting $1.39 in EPS and $3.01 billion in revenue, while revenue increased 10.9% year over year. Institutional investors own approximately 63.46% of the company.

Shares of Cintas Corporation (NASDAQ:CTAS - Get Free Report) traded down 6.4% on Tuesday. The stock traded as low as $209.48 and last traded at $211.4650. Approximately 1,402,022 shares were traded during trading, a decline of 33% from the average daily volume of 2,101,828 shares. The stock had previously closed at $225.93.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CTAS shares. Sanford C. Bernstein restated a "market perform" rating on shares of Cintas in a research report on Thursday, September 10th. Truist Financial upped their price target on shares of Cintas from $225.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, September 24th. Argus increased their price target on Cintas from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Tuesday, September 29th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a report on Thursday, September 24th. Finally, Bank of America upgraded Cintas from a "neutral" rating to a "buy" rating and increased their target price for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Cintas presently has an average rating of "Moderate Buy" and an average price target of $218.50.

Cintas Stock Down 4.5%

The stock's 50-day moving average price is $202.69 and its 200-day moving average price is $189.80. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The stock has a market cap of $85.69 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 3.55 and a beta of 0.92.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm earned $1.20 earnings per share. Cintas's quarterly revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, sell-side analysts expect that Cintas Corporation will post 5.53 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SYM FINANCIAL Corp acquired a new stake in Cintas in the third quarter valued at approximately $219,000. Angeles Wealth Management LLC lifted its holdings in shares of Cintas by 1.0% in the 3rd quarter. Angeles Wealth Management LLC now owns 17,333 shares of the business services provider's stock worth $3,381,000 after purchasing an additional 174 shares in the last quarter. Randolph Co Inc bought a new position in shares of Cintas in the 3rd quarter worth $33,675,000. Valley National Advisers Inc. lifted its holdings in shares of Cintas by 15.8% in the 3rd quarter. Valley National Advisers Inc. now owns 11,669 shares of the business services provider's stock worth $2,276,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Signaturefd LLC grew its position in Cintas by 5.7% in the 3rd quarter. Signaturefd LLC now owns 6,450 shares of the business services provider's stock valued at $1,258,000 after purchasing an additional 349 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Company Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.

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