Cintas (NASDAQ:CTAS) Upgraded at Bank of America

Bank of America upgraded shares of Cintas (NASDAQ:CTAS) from a neutral rating to a buy rating in a research note published on Thursday, Marketbeat.com reports. They currently have $230.00 price objective on the business services provider’s stock, up from their prior price objective of $200.00.

A number of other research analysts have also weighed in on CTAS. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Wells Fargo & Company restated an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research report on Wednesday. Citigroup decreased their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. Finally, Truist Financial lowered their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Trading Down 0.9%

NASDAQ:CTAS opened at $204.45 on Thursday. Cintas has a 1 year low of $161.16 and a 1 year high of $226.75. The stock’s fifty day moving average price is $175.60 and its two-hundred day moving average price is $182.86. 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 company has a market cap of $81.80 billion, a P/E ratio of 57.75, a P/E/G ratio of 3.23 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’s quarterly 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, analysts expect that Cintas will post 5.48 EPS for the current year.

Insider Activity

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

Institutional Investors Weigh In On Cintas

Several hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Cintas by 42.3% during the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after acquiring an additional 428 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Cintas in the 2nd quarter worth approximately $625,000. Treasurer of the State of North Carolina lifted its holdings in shares of Cintas by 20.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock worth $47,291,000 after acquiring an additional 35,781 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of Cintas by 50.2% in the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock valued at $20,710,000 after purchasing an additional 31,068 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

More Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: Bank of America upgraded Cintas to Buy from Neutral and raised its price target to $230, saying the company’s earnings setup looks stronger over the next several quarters thanks to improving labor conditions, growth in adjacent products, and margin expansion. Cintas upgraded by Bank of America after earnings beat and stronger outlook
• Positive Sentiment: Robert W. Baird raised its price target to $214 and kept an Outperform rating, while other analysts also lifted estimates after Cintas beat revenue and EPS expectations. These Analysts Increase Their Forecasts On Cintas Following Upbeat Q4 Earnings
• Positive Sentiment: Cintas posted a beat-and-raise quarter, with revenue of $2.91 billion and adjusted EPS of $1.29, plus stronger fiscal 2027 guidance, which has supported investor confidence and renewed buying interest. Cintas Keeps Beating Expectations—And the Story Isn’t Over
• Neutral Sentiment: Some coverage argues the stock may now be reasonably valued after its sharp five-year advance, suggesting upside may depend more on continued earnings execution than multiple expansion. Cintas (CTAS) Stock Looks Reasonable After Its 106% Five Year Run
• Negative Sentiment: Royal Bank of Canada only reaffirmed a Sector Perform rating with a $206 target, implying more limited upside than the most bullish calls and signaling that not all analysts are fully convinced the stock can rerate much higher from here. Benzinga coverage of RBC rating

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.