Cintas Corporation (NASDAQ:CTAS) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Cintas Corporation (NASDAQ:CTAS) has earned an average rating of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $218.50.

Several analysts have commented on CTAS shares. Truist Financial increased their price target on shares of Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Rothschild & Co Redburn raised their price target on shares of Cintas from $184.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Weiss Ratings raised Cintas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Jefferies Financial Group upped their price target on Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Finally, Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th.

Cintas Stock Up 0.3%

Cintas stock traded up $0.63 during mid-day trading on Friday, reaching $213.69. 1,822,045 shares of the company were exchanged, compared to its average volume of 2,015,325. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The firm has a market cap of $84.85 billion, a P/E ratio of 42.15, a PEG ratio of 3.39 and a beta of 0.92. The business has a fifty day moving average of $200.99 and a 200 day moving average of $187.24. Cintas has a 12-month low of $161.16 and a 12-month high of $219.16.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the company earned $1.20 earnings per share. The firm’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. Research analysts anticipate that Cintas will post 5.52 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is currently 41.03%.

Institutional Investors Weigh In On Cintas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTAS. Whipplewood Advisors LLC grew its stake in shares of Cintas by 1,712.5% during the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after acquiring an additional 137 shares during the last quarter. First United Bank & Trust acquired a new position in shares of Cintas during the first quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Cintas during the second quarter valued at about $27,000. Archer Investment Corp acquired a new position in shares of Cintas during the first quarter valued at about $32,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new position in shares of Cintas in the 3rd quarter valued at approximately $37,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

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.