Investment Analysts’ Weekly Ratings Changes for Cintas (CTAS)

Cintas (NASDAQ: CTAS) recently received a number of ratings updates from brokerages and research firms:

• 12/20/2024 – Cintas had its price target lowered by analysts at Wells Fargo & Company from $191.00 to $184.00. They now have an “underweight” rating on the stock.
• 12/20/2024 – Cintas had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $215.00 price target on the stock.
• 12/20/2024 – Cintas had its price target lowered by analysts at Robert W. Baird from $209.00 to $200.00. They now have a “neutral” rating on the stock.
• 12/20/2024 – Cintas had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $236.00 to $211.00. They now have a “buy” rating on the stock.
• 12/20/2024 – Cintas had its price target lowered by analysts at UBS Group AG from $240.00 to $218.00. They now have a “buy” rating on the stock.
• 12/20/2024 – Cintas had its price target lowered by analysts at Truist Financial Co. from $225.00 to $215.00. They now have a “buy” rating on the stock.
• 12/12/2024 – Cintas had its price target raised by analysts at Morgan Stanley from $185.00 to $202.00. They now have an “equal weight” rating on the stock.

Cintas Stock Performance

CTAS stock opened at $188.35 on Wednesday. The firm has a market cap of $75.96 billion, a price-to-earnings ratio of 47.56, a PEG ratio of 4.15 and a beta of 1.34. Cintas Co. has a one year low of $143.64 and a one year high of $228.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The firm has a 50-day simple moving average of $213.83 and a two-hundred day simple moving average of $203.55.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. Cintas’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.61 EPS. On average, equities analysts forecast that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 15th were given a $0.39 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.83%. Cintas’s dividend payout ratio is presently 37.59%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CTAS. LGT Financial Advisors LLC increased its stake in shares of Cintas by 311.1% during the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. Financial Management Professionals Inc. lifted its position in Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Hollencrest Capital Management boosted its holdings in Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 104 shares during the last quarter. Addison Advisors LLC grew its position in Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares during the period. Finally, Grove Bank & Trust raised its holdings in Cintas by 1,340.0% in the 3rd quarter. Grove Bank & Trust now owns 144 shares of the business services provider’s stock valued at $30,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

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.