Cintas (NASDAQ:CTAS) Price Target Raised to $181.00

Cintas (NASDAQ:CTAS) had its price target lifted by investment analysts at Citigroup from $180.00 to $181.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “sell” rating on the business services provider’s stock. Citigroup’s price objective points to a potential downside of 7.54% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings raised Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. 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 report on Thursday, July 16th. Sanford C. Bernstein reissued a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Finally, Robert W. Baird set a $222.00 price target on shares of Cintas and gave the company an “outperform” rating in a research note on Thursday, September 24th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $216.08.

Cintas Price Performance

NASDAQ CTAS traded down $1.99 during trading on Wednesday, hitting $195.75. 454,836 shares of the company’s stock were exchanged, compared to its average volume of 2,143,588. The stock’s 50 day moving average price is $202.11 and its two-hundred day moving average price is $185.52. Cintas has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. 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 market cap of $78.44 billion, a PE ratio of 38.60, a P/E/G ratio of 3.19 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Research analysts expect that Cintas will post 5.52 EPS for the current year.

Hedge Funds Weigh In On Cintas

A number of hedge funds have recently bought and sold shares of CTAS. BlackRock Inc. acquired a new stake in Cintas during the 2nd quarter worth about $4,520,425,000. Bank of New York Mellon Corp acquired a new stake in Cintas during the second quarter worth approximately $644,334,000. Goldman Sachs Group Inc. increased its holdings in Cintas by 2.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,438,568 shares of the business services provider’s stock worth $458,622,000 after purchasing an additional 50,838 shares in the last quarter. Amundi lifted its stake in Cintas by 6.3% in the first quarter. Amundi now owns 2,402,362 shares of the business services provider’s stock valued at $406,336,000 after buying an additional 142,576 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of Cintas during the 2nd quarter worth approximately $386,159,000. 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.