Cintas (NASDAQ:CTAS) Research Coverage Started at Bank of America

Bank of America began coverage on shares of Cintas (NASDAQ:CTAS) in a research report report published on Tuesday. The firm issued a neutral rating and a $215.00 price target on the business services provider’s stock.

A number of other brokerages have also recently commented on CTAS. Morgan Stanley decreased their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. UBS Group reissued a “buy” rating on shares of Cintas in a report on Friday, December 19th. Rothschild & Co Redburn set a $184.00 target price on shares of Cintas in a research report on Tuesday, November 11th. Robert W. Baird increased their price target on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $218.17.

Cintas Stock Performance

NASDAQ CTAS opened at $197.97 on Tuesday. The firm has a 50-day moving average price of $191.78 and a two-hundred day moving average price of $195.81. Cintas has a 12-month low of $180.39 and a 12-month high of $229.24. The company has a market capitalization of $79.17 billion, a P/E ratio of 57.72, a P/E/G ratio of 3.54 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54.

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

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

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 52.48%.

Institutional Trading of Cintas

A number of hedge funds have recently made changes to their positions in the company. Nemes Rush Group LLC acquired a new position in shares of Cintas in the fourth quarter valued at approximately $25,000. Swiss RE Ltd. bought a new stake in Cintas during the 4th quarter worth approximately $25,000. Camelot Portfolios LLC acquired a new position in Cintas in the 4th quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Cintas during the fourth quarter valued at $26,000. Finally, Key Capital Management INC bought a new position in shares of Cintas during the fourth quarter valued at $28,000. 63.46% of the stock is owned by institutional investors and hedge funds.

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.