Cintas (NASDAQ:CTAS) Price Target Lowered to $210.00 at Morgan Stanley

Cintas (NASDAQ:CTAS) had its price target trimmed by Morgan Stanley from $220.00 to $210.00 in a report issued on Wednesday, Marketbeat.com reports. The firm currently has an equal weight rating on the business services provider’s stock.

CTAS has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Sanford C. Bernstein initiated coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target on the stock. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Citigroup boosted their price objective on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Finally, Redburn Partners set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $212.00.

Cintas Stock Down 0.1%

Shares of NASDAQ CTAS opened at $187.37 on Wednesday. Cintas has a 1 year low of $180.39 and a 1 year high of $229.24. The firm has a 50-day simple moving average of $186.43 and a two-hundred day simple moving average of $204.93. The company has a market cap of $75.30 billion, a P/E ratio of 42.49, a PEG ratio of 3.24 and a beta of 0.96. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts anticipate that Cintas will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is 40.82%.

Cintas declared that its Board of Directors has initiated a stock buyback plan on Tuesday, October 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. WPG Advisers LLC purchased a new stake in shares of Cintas during the 1st quarter worth $27,000. Saudi Central Bank bought a new position in Cintas in the first quarter worth about $29,000. Triumph Capital Management purchased a new stake in shares of Cintas during the third quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Cintas by 800.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Finally, Alpine Bank Wealth Management grew its position in shares of Cintas by 1,092.9% in the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after buying an additional 153 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

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.