Cintas (NASDAQ:CTAS) Now Covered by Analysts at Bank of America

Analysts at Bank of America initiated coverage on shares of Cintas (NASDAQ:CTAS) in a report released on Tuesday. The firm set a “neutral” rating and a $215.00 price target on the business services provider’s stock. Bank of America‘s price objective suggests a potential upside of 11.15% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Rothschild & Co Redburn set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. Sanford C. Bernstein assumed coverage on Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price for the company. Robert W. Baird lifted their price target on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Finally, Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus price target of $218.17.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $193.44 on Tuesday. Cintas has a twelve month low of $180.39 and a twelve month high of $229.24. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $191.14 and a two-hundred day moving average of $195.98. The company has a market capitalization of $77.35 billion, a price-to-earnings ratio of 56.40, a PEG ratio of 3.31 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, analysts expect that Cintas will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Cintas in the fourth quarter worth $923,672,000. Two Sigma Investments LP lifted its position in shares of Cintas by 5,641.3% in the third quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock worth $208,682,000 after buying an additional 998,963 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Cintas by 2,653.0% during the 4th quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock worth $188,640,000 after acquiring an additional 966,597 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Cintas by 275.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock worth $230,556,000 after acquiring an additional 823,885 shares in the last quarter. Finally, Freestone Grove Partners LP increased its holdings in shares of Cintas by 5,341.8% during the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock valued at $153,352,000 after acquiring an additional 733,380 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

About Cintas

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.