Cintas (NASDAQ:CTAS) Stock Rating Upgraded by Argus

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

A number of other research firms also recently issued reports on CTAS. Morgan Stanley cut their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Sanford C. Bernstein initiated coverage on shares of Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. Robert W. Baird increased their price objective on shares of Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Finally, Redburn Partners set a $184.00 target price on Cintas in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $214.86.

Cintas Price Performance

CTAS stock opened at $193.07 on Wednesday. The company has a market capitalization of $77.21 billion, a P/E ratio of 56.29, a price-to-earnings-growth ratio of 3.35 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. Cintas has a 52-week low of $180.39 and a 52-week high of $229.24. The business has a 50-day simple moving average of $188.07 and a two-hundred day simple moving average of $199.34.

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 firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Research analysts expect that Cintas will post 4.31 EPS for the current fiscal year.

Cintas declared that its board has approved a stock repurchase plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Cintas

Several hedge funds have recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in Cintas in the 3rd quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC boosted its position in Cintas by 800.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after purchasing an additional 128 shares during the period. Alpine Bank Wealth Management increased its stake in shares of Cintas by 1,092.9% in the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after purchasing an additional 153 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Cintas in the fourth quarter valued at approximately $34,000. Finally, WPG Advisers LLC raised its position in shares of Cintas by 90.0% in the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares during the period. 63.46% of the stock is currently owned by 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.