Cintas (NASDAQ:CTAS) Given New $225.00 Price Target at Robert W. Baird

Cintas (NASDAQ:CTASFree Report) had its target price lifted by Robert W. Baird from $220.00 to $225.00 in a research note published on Friday morning, Marketbeat.com reports. Robert W. Baird currently has a neutral rating on the business services provider’s stock.

Several other research firms also recently commented on CTAS. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price on the stock in a report on Tuesday, November 11th. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Redburn Partners set a $184.00 price target on Cintas in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $211.64.

Read Our Latest Report on CTAS

Cintas Price Performance

Shares of NASDAQ CTAS opened at $187.57 on Friday. The firm has a market cap of $75.38 billion, a P/E ratio of 42.53, a price-to-earnings-growth ratio of 3.28 and a beta of 0.96. The company has a current ratio of 1.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.54. Cintas has a 1-year low of $180.39 and a 1-year high of $229.24. The business’s 50 day moving average is $186.39 and its 200-day moving average is $204.56.

Cintas (NASDAQ:CTASGet Free Report) last released its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities research analysts predict that Cintas will post 4.31 earnings per share for the current year.

Cintas announced that its board has authorized a stock repurchase program on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Cintas Announces Dividend

The company also recently disclosed 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. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, November 14th. Cintas’s payout ratio is currently 40.82%.

Hedge Funds Weigh In On Cintas

Several hedge funds and other institutional investors have recently modified their holdings of CTAS. Norges Bank acquired a new stake in Cintas in the second quarter valued at about $925,531,000. Two Sigma Investments LP boosted its stake in shares of Cintas by 5,641.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock valued at $208,682,000 after purchasing an additional 998,963 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Cintas by 275.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock valued at $230,556,000 after purchasing an additional 823,885 shares during the last quarter. Freestone Grove Partners LP increased its position in Cintas by 5,341.8% during the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock worth $153,352,000 after purchasing an additional 733,380 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in Cintas by 516.8% in the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock valued at $175,529,000 after purchasing an additional 715,570 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

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About Cintas

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Cintas (NASDAQ:CTAS)

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