Robert W. Baird Increases Cintas (NASDAQ:CTAS) Price Target to $225.00

Cintas (NASDAQ:CTAS) had its target price hoisted by equities researchers at Robert W. Baird from $220.00 to $225.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 18.49% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research note on Monday. Morgan Stanley decreased their price target 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. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research note on Tuesday, November 11th. Finally, Citigroup lifted their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus target price of $213.07.

Cintas Price Performance

Shares of CTAS opened at $189.89 on Friday. The firm has a fifty day simple moving average of $186.40 and a two-hundred day simple moving average of $204.83. The firm has a market cap of $76.31 billion, a PE ratio of 43.06, a P/E/G ratio of 3.24 and a beta of 0.96. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas has a 1-year low of $180.39 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.Cintas’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities analysts anticipate that Cintas will post 4.31 EPS for the current year.

Cintas announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Cintas

Large investors have recently made changes to their positions in the company. Mirabella Financial Services LLP bought a new position in Cintas during the third quarter valued at approximately $1,724,000. IFP Advisors Inc raised its holdings in shares of Cintas by 48.5% during the 3rd quarter. IFP Advisors Inc now owns 7,307 shares of the business services provider’s stock worth $1,520,000 after acquiring an additional 2,386 shares in the last quarter. Prana Capital Management LP bought a new position in shares of Cintas during the 3rd quarter valued at approximately $14,312,000. CIBC Bancorp USA Inc. purchased a new position in shares of Cintas in the third quarter valued at $12,882,000. Finally, Achmea Investment Management B.V. grew its stake in shares of Cintas by 2.4% in the 3rd quarter. Achmea Investment Management B.V. now owns 162,334 shares of the business services provider’s stock worth $33,321,000 after buying an additional 3,864 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.