Cintas (NASDAQ:CTAS) Now Covered by Analysts at Bank of America

Bank of America started coverage on shares of Cintas (NASDAQ:CTAS) in a report released on Tuesday. The brokerage issued a neutral rating and a $215.00 price target on the business services provider’s stock.

A number of other research firms have also weighed in on CTAS. Morgan Stanley reduced their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a report on Friday, December 19th. Sanford C. Bernstein began coverage on shares of Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Finally, UBS Group reiterated a “buy” rating on shares of Cintas in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $218.17.

Cintas Trading Up 0.8%

Shares of CTAS stock opened at $194.92 on Tuesday. The stock has a market capitalization of $77.95 billion, a price-to-earnings ratio of 56.83, a PEG ratio of 3.31 and a beta of 0.95. The company’s fifty day simple moving average is $191.38 and its two-hundred day simple moving average is $195.79. Cintas has a 1 year low of $180.39 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49.

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

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio is presently 52.48%.

Cintas declared that its Board of Directors has approved a share buyback program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CTAS. Guggenheim Capital LLC grew its holdings in shares of Cintas by 18.3% during the 4th quarter. Guggenheim Capital LLC now owns 183,504 shares of the business services provider’s stock valued at $34,512,000 after purchasing an additional 28,416 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in Cintas by 93.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 104,237 shares of the business services provider’s stock valued at $19,604,000 after buying an additional 50,256 shares during the period. Ritter Alpha LP bought a new position in shares of Cintas during the fourth quarter valued at about $203,000. PDT Partners LLC purchased a new position in shares of Cintas in the fourth quarter worth about $3,950,000. Finally, DV Equities LLC purchased a new position in shares of Cintas in the fourth quarter worth about $90,000. Institutional investors 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.