Cintas (NASDAQ:CTAS) Upgraded at Argus

Cintas (NASDAQ:CTAS) was upgraded by stock analysts at Argus to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Morgan Stanley reduced their price objective 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. Robert W. Baird upped their target price on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Citigroup reissued a “sell” rating and issued a $181.00 price target (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Rothschild Redb upgraded shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and upped their price target for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $214.86.

Cintas Stock Down 1.2%

CTAS stock opened at $193.07 on Wednesday. The company’s 50-day moving average price is $188.07 and its 200 day moving average price is $199.34. Cintas has a 52 week low of $180.39 and a 52 week 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 company has a market cap of $77.21 billion, a P/E ratio of 56.29, a P/E/G ratio of 3.35 and a beta of 0.97.

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, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company’s revenue was up 9.3% 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 2026 guidance at 4.810-4.880 EPS. On average, research analysts expect that Cintas will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its board has initiated a stock repurchase program on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Cintas

Institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new position in shares of Cintas during the third quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC lifted its position in Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after acquiring an additional 157 shares during the period. Alpine Bank Wealth Management grew its holdings in Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. Finally, Addison Advisors LLC increased its position in shares of Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after acquiring an additional 61 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

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.