Cintas (NASDAQ:CTAS) Upgraded by Bank of America to “Buy” Rating

Bank of America upgraded shares of Cintas (NASDAQ:CTAS) from a neutral rating to a buy rating in a report issued on Thursday, Marketbeat Ratings reports. They currently have $230.00 price target on the business services provider’s stock, up from their previous price target of $200.00.

Several other analysts have also recently issued reports on CTAS. Citigroup lowered their price objective on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $231.00 target price on shares of Cintas in a research report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Stifel Nicolaus dropped their price target on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Trading Up 7.2%

Shares of CTAS stock opened at $206.25 on Thursday. The firm has a market cap of $82.52 billion, a P/E ratio of 58.26, a PEG ratio of 3.05 and a beta of 0.94. Cintas has a 1-year low of $161.16 and a 1-year high of $226.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.74. The firm’s 50-day simple moving average is $174.85 and its 200-day simple moving average is $182.71.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. Cintas’s revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities analysts forecast that Cintas will post 5.44 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the sale, the director owned 22,448 shares of the company’s stock, valued at $4,015,273.76. The trade was a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Cintas

Institutional investors have recently added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new position in shares of Cintas during the 4th quarter valued at approximately $25,000. Swiss RE Ltd. bought a new stake in shares of Cintas in the fourth quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new stake in Cintas in the fourth quarter valued at $26,000. Triumph Capital Management acquired a new stake in Cintas in the third quarter valued at $29,000. Finally, Camelot Portfolios LLC bought a new position in Cintas during the 4th quarter valued at $26,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Key Headlines Impacting Cintas

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: Cintas reported better-than-expected Q4 results, with adjusted EPS of $1.29 and revenue of $2.91 billion, both above Wall Street estimates. The company also posted 8.9% revenue growth and record margins, reinforcing the bullish reaction. Cintas earnings report
• Positive Sentiment: Bank of America upgraded Cintas to Buy from Neutral and lifted its price target to $230 from $200, citing improving labor market conditions, growth in adjacent product categories, and margin expansion from supply-chain and distribution initiatives. Bank of America upgrade article
• Positive Sentiment: Robert W. Baird also raised its price target to $214 and kept an Outperform rating, while other analysts increased forecasts after the earnings beat, adding to momentum around the stock. Analyst forecast increases
• Positive Sentiment: Management’s fiscal 2027 guidance called for revenue of $12.10 billion to $12.25 billion and EPS of $5.36 to $5.50, signaling confidence in continued growth even as the company works through the pending UniFirst acquisition. Cintas earnings release
• Neutral Sentiment: Royal Bank of Canada reaffirmed a Sector Perform rating with a $206 target, essentially in line with the recent trading level, suggesting some analysts see the current valuation as more balanced. RBC rating note
• Neutral Sentiment: One article questioned whether Cintas is fully valued after its strong five-year run, reflecting growing debate about how much upside is already priced in. Valuation article

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.