Cintas (NASDAQ:CTAS) Raised to “Buy” at Bank of America

Cintas (NASDAQ:CTAS) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $230.00 price target on the business services provider’s stock, up from their prior price target of $200.00. Bank of America‘s target price would suggest a potential upside of 19.56% from the company’s previous close.

Several other analysts have also commented on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $231.00 target price on shares of Cintas in a research note on Wednesday. Stifel Nicolaus dropped their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Cintas in a research note on Thursday. Finally, Truist Financial reduced their target price on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Cintas presently has an average rating of “Moderate Buy” and an average target price of $215.08.

Cintas Trading Up 4.4%

Shares of CTAS stock opened at $192.37 on Thursday. Cintas has a 1 year low of $161.16 and a 1 year high of $226.75. The firm has a market capitalization of $76.96 billion, a PE ratio of 54.34, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. The stock has a fifty day moving average of $174.13 and a two-hundred day moving average of $182.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. Cintas’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, research analysts expect that Cintas will post 4.89 EPS for the current year.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director directly owned 22,448 shares of the company’s stock, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cintas

A number of hedge funds have recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new position in shares of Cintas during the 4th quarter worth approximately $15,736,000. Caledonia Investments PLC bought a new position in Cintas in the fourth quarter valued at $33,287,000. Riverbridge Partners LLC increased its stake in Cintas by 7.7% in the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock valued at $38,760,000 after buying an additional 16,437 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Cintas by 2,286.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock worth $138,536,000 after buying an additional 705,751 shares in the last quarter. Finally, Suncoast Equity Management grew its holdings in shares of Cintas by 53.7% in the 4th quarter. Suncoast Equity Management now owns 23,845 shares of the business services provider’s stock valued at $4,485,000 after acquiring an additional 8,330 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Key Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: Cintas beat expectations on both earnings and revenue, reporting adjusted EPS of $1.29 versus $1.24 expected and revenue of $2.91 billion versus $2.87 billion estimated, with organic revenue growth of 8.4% and revenue up 8.9% year over year. Article Title
• Positive Sentiment: Management issued confident fiscal 2027 guidance, calling for revenue of $12.10 billion to $12.25 billion and adjusted EPS of $5.36 to $5.50, which investors viewed as a sign that demand remains healthy. Article Title
• Positive Sentiment: The company highlighted record gross margin of 51.0% and improved operating margin, suggesting strong profitability and execution even with costs tied to the pending UniFirst acquisition. Article Title
• Positive Sentiment: A William Blair analyst reiterated a Buy rating after the results, citing the strong beat, solid fiscal 2027 outlook, and high retention as signs of sustained growth. Article Title
• Neutral Sentiment: Several articles recapped the earnings call and results, with investors focusing on the company’s long runway for growth and commentary that the UniFirst deal is still expected to close in the second half of calendar 2026. Article Title

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.