Cintas (NASDAQ:CTAS) Price Target Raised to $230.00

Cintas (NASDAQ:CTAS) had its price target lifted by Truist Financial from $225.00 to $230.00 in a research note released on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the business services provider’s stock.

A number of other research analysts have also weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. UBS Group reissued a “buy” rating and issued a $235.00 target price (up from $230.00) on shares of Cintas in a report on Thursday. Robert W. Baird set a $222.00 target price on Cintas and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a report on Thursday. Finally, Bank of America raised Cintas from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Cintas presently has an average rating of “Moderate Buy” and an average target price of $214.00.

Cintas Price Performance

Shares of CTAS opened at $199.91 on Thursday. The stock has a market cap of $80.10 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 3.18 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.27 and a current ratio of 1.45. Cintas has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The firm’s 50-day simple moving average is $202.19 and its two-hundred day simple moving average is $185.60.

Cintas (NASDAQ:CTAS) last announced its earnings results 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 net margin of 17.82% and a return on equity of 42.57%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The business’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. Analysts anticipate that Cintas will post 5.51 earnings per share 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 $0.52 dividend. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is currently 55.61%.

Institutional Trading of Cintas

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nemes Rush Group LLC purchased a new position in shares of Cintas in the fourth quarter worth $25,000. Whipplewood Advisors LLC boosted its position 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 valued at $25,000 after buying an additional 137 shares during the last quarter. First United Bank & Trust purchased a new stake in shares of Cintas during the first quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in Cintas in the 2nd quarter worth about $27,000. Finally, Basepoint Wealth LLC bought a new stake in Cintas in the 4th quarter worth about $34,000. 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: Cintas reported first-quarter revenue of $3.01 billion, up 10.9% year over year, while adjusted EPS of $1.39 exceeded the $1.35 consensus estimate. Organic revenue growth, margin expansion and strong execution reinforced investor confidence. CTAS Q1 Earnings & Revenues Beat Estimates on Margin Gains
• Positive Sentiment: Management raised fiscal 2027 guidance to revenue of $12.15 billion-$12.27 billion and adjusted EPS of $5.45-$5.54. The company also repurchased approximately $544.7 million of shares, supporting per-share growth and shareholder returns. Cintas gains after strong quarterly results and higher fiscal 2027 outlook
• Positive Sentiment: Analysts raised their valuation estimates after the report. Truist increased its price target to $230 from $225 and maintained a Buy rating, while Baird lifted its target to $222 from $214 and kept an Outperform rating. Some analysis suggests the shares remain roughly 6% undervalued. Truist lifts price target on Cintas
• Neutral Sentiment: The proposed UniFirst merger is viewed as a potentially important future catalyst, but analysts are awaiting additional details and clarity in the next quarter. RBC maintained a Sector Perform rating with a $206 target, illustrating a more cautious view. Bernstein on Cintas results and UniFirst clarity
• Negative Sentiment: At roughly 39 times earnings, Cintas is priced for continued strong growth. Some analysts argue that much of the near-term improvement is already reflected in the stock, limiting upside unless investors take a longer-term view. Recent insider activity has also consisted of sales rather than purchases. Is Cintas a Buy After Its Latest Earnings Report?

Cintas Company Profile

Cintas Corporation is a provider of workplace products and services for businesses across North America. The company helps organizations manage employee appearance, workplace cleanliness, safety, and compliance through a range of recurring service programs.

Its offerings include uniform rental and workwear, branded apparel, entrance mats, restroom supplies, and facility cleaning services. Cintas also provides first-aid and safety products, training, and fire protection services, including inspection and maintenance programs for fire extinguishers, sprinkler systems, alarms, and related equipment.

Headquartered in Mason, Ohio, Cintas traces its roots to a family-operated industrial laundry business established by Richard T.