Cintas (NASDAQ:CTAS) Stock Price Expected to Rise, Argus Analyst Says

Cintas (NASDAQ:CTAS) had its price objective lifted by research analysts at Argus from $230.00 to $240.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Argus’ target price would indicate a potential upside of 19.37% from the company’s current price.

A number of other equities analysts have also commented on the stock. Weiss Ratings upgraded shares of Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 11th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Citigroup reissued a “sell” rating and issued a $180.00 price target (up from $175.00) on shares of Cintas in a report on Tuesday, September 22nd. Finally, Truist Financial raised their price target on shares of Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.00.

Cintas Stock Up 0.2%

CTAS opened at $201.06 on Tuesday. Cintas has a 12 month low of $161.16 and a 12 month high of $219.16. The company has a market cap of $80.56 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 3.18 and a beta of 0.91. 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 company has a 50 day moving average of $202.17 and a 200 day moving average of $185.52.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.35 by $0.04. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%.The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, sell-side analysts expect that Cintas will post 5.51 EPS for the current year.

Hedge Funds Weigh In On Cintas

Institutional investors have recently made changes to their positions in the stock. One Capital Management LLC increased its position in shares of Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 53 shares during the period. Rehmann Capital Advisory Group boosted its stake in Cintas by 1.6% during the second quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider’s stock worth $580,000 after buying an additional 54 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Cintas by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock worth $1,236,000 after buying an additional 58 shares in the last quarter. Sachetta LLC increased its holdings in Cintas by 46.0% in the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after buying an additional 63 shares during the period. Finally, Sumitomo Life Insurance Co. increased its holdings in Cintas by 0.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 15,118 shares of the business services provider’s stock valued at $2,843,000 after buying an additional 64 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) provides workplace services to businesses and organizations across North America. The company’s primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.