Cintas (NASDAQ:CTAS) Stock Rating Reaffirmed as “Sector Perform” by Royal Bank Of Canada

Cintas (NASDAQ:CTAS)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank Of Canada in a research report issued on Thursday, September 24th, Benzinga reports. They presently have a $206.00 price objective on the business services provider’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 5.61% from the company’s previous close.

A number of other brokerages also recently weighed in on CTAS. The Goldman Sachs Group reissued a “buy” rating and set a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Truist Financial reduced their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 11th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $216.08.

Cintas Stock Down 1.4%

Shares of CTAS opened at $195.06 on Thursday. Cintas has a 12 month low of $161.16 and a 12 month high of $219.16. The firm’s 50 day moving average is $201.99 and its 200-day moving average is $185.53. The stock has a market capitalization of $78.16 billion, a PE ratio of 38.47, a P/E/G ratio of 3.14 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.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business posted $1.20 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities research analysts forecast that Cintas will post 5.52 EPS for the current year.

Institutional Trading of Cintas

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Cintas during the 2nd quarter valued at $4,520,425,000. Geode Capital Management LLC grew its holdings in shares of Cintas by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider’s stock valued at $1,746,453,000 after purchasing an additional 97,220 shares during the last quarter. Norges Bank bought a new position in shares of Cintas during the 4th quarter valued at $923,672,000. Bank of New York Mellon Corp bought a new position in shares of Cintas during the 2nd quarter valued at $644,334,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Cintas by 2.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,438,568 shares of the business services provider’s stock valued at $458,622,000 after purchasing an additional 50,838 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

About Cintas

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.