Cintas Corporation (NASDAQ:CTAS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Cintas Corporation (NASDAQ:CTAS) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $214.00.

CTAS has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Citigroup restated a “sell” rating and set a $180.00 price objective (up from $175.00) on shares of Cintas in a research note on Tuesday, September 22nd. Argus raised shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Bank of America raised 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 report on Thursday, July 16th.

Hedge Funds Weigh In On Cintas

A number of large investors have recently bought and sold shares of the business. AMG National Trust Bank bought a new position in shares of Cintas in the second quarter valued at approximately $1,973,000. Summit Global Investments bought a new stake in Cintas during the second quarter worth approximately $950,000. TimesSquare Capital Management LLC bought a new stake in Cintas during the second quarter worth approximately $62,057,000. Oppenheimer Asset Management Inc. acquired a new stake in Cintas in the second quarter worth approximately $4,972,000. Finally, BlackRock Inc. acquired a new stake in Cintas in the second quarter worth approximately $4,520,425,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.3%

NASDAQ:CTAS opened at $200.58 on Tuesday. The company has a market capitalization of $80.37 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 3.18 and a beta of 0.91. Cintas has a one year low of $161.16 and a one year high of $219.16. The stock has a 50-day simple moving average of $202.17 and a 200 day simple moving average of $185.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%.The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. Cintas’s revenue for the quarter was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Sell-side analysts predict that Cintas will post 5.51 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is currently 41.03%.

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.