Bank of America Begins Coverage on Cintas (NASDAQ:CTAS)

Equities researchers at Bank of America initiated coverage on shares of Cintas (NASDAQ:CTAS) in a research report issued on Tuesday. The brokerage set a “neutral” rating and a $215.00 price target on the business services provider’s stock. Bank of America‘s target price suggests a potential upside of 9.46% from the company’s current price.

CTAS has been the subject of several other research reports. UBS Group restated a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Argus upgraded Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Citigroup reiterated a “sell” rating and issued a $181.00 target price (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Finally, Rothschild & Co Redburn set a $184.00 price target on shares of Cintas in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus price target of $218.17.

Cintas Trading Up 0.8%

Shares of CTAS stock opened at $196.41 on Tuesday. The company has a market cap of $78.54 billion, a PE ratio of 57.26, a price-to-earnings-growth ratio of 3.34 and a beta of 0.95. Cintas has a 1 year low of $180.39 and a 1 year high of $229.24. The stock’s 50 day simple moving average is $191.60 and its two-hundred day simple moving average is $195.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49.

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

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

Institutional Trading of Cintas

Several hedge funds and other institutional investors have recently bought and sold shares of CTAS. Nemes Rush Group LLC purchased a new stake in shares of Cintas during the 4th quarter worth $25,000. Swiss RE Ltd. bought a new position in Cintas in the fourth quarter worth about $25,000. Camelot Portfolios LLC purchased a new stake in shares of Cintas during the fourth quarter valued at about $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of Cintas in the 4th quarter valued at about $26,000. Finally, Key Capital Management INC purchased a new position in shares of Cintas in the 4th quarter worth approximately $28,000. Institutional investors own 63.46% of the company’s stock.

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.