Cintas (NASDAQ:CTAS) Stock Rating Upgraded by Bank of America

Cintas (NASDAQ:CTAS) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a $230.00 price objective on the business services provider’s stock, up from their prior price objective of $200.00. Bank of America‘s target price suggests a potential upside of 12.50% from the company’s current price.

A number of other brokerages have also weighed in on CTAS. Truist Financial cut their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Wells Fargo & Company restated an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday. Citigroup cut their price objective on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. Finally, Stifel Nicolaus reduced their price objective on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Stock Down 0.9%

Shares of NASDAQ CTAS opened at $204.45 on Thursday. Cintas has a one year low of $161.16 and a one year high of $226.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.74. The business’s fifty day moving average price is $175.60 and its 200-day moving average price is $182.86. The stock has a market capitalization of $81.80 billion, a PE ratio of 57.75, a P/E/G ratio of 3.25 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities research analysts anticipate that Cintas will post 5.46 EPS for the current year.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the firm’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 completion of the transaction, the director owned 22,448 shares in the company, valued at $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 14.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cintas

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nemes Rush Group LLC bought a new stake in Cintas during the 4th quarter worth approximately $25,000. Swiss RE Ltd. purchased a new stake in Cintas in the 4th quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in Cintas in the 4th quarter valued at $26,000. Triumph Capital Management bought a new position in Cintas in the 3rd quarter valued at $29,000. Finally, Camelot Portfolios LLC purchased a new position in shares of Cintas during the 4th quarter valued at $26,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

More Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: Bank of America upgraded Cintas to Buy from Neutral and raised its price target to $230, saying the company’s earnings setup looks stronger over the next several quarters thanks to improving labor conditions, growth in adjacent products, and margin expansion. Cintas upgraded by Bank of America after earnings beat and stronger outlook
• Positive Sentiment: Robert W. Baird raised its price target to $214 and kept an Outperform rating, while other analysts also lifted estimates after Cintas beat revenue and EPS expectations. These Analysts Increase Their Forecasts On Cintas Following Upbeat Q4 Earnings
• Positive Sentiment: Cintas posted a beat-and-raise quarter, with revenue of $2.91 billion and adjusted EPS of $1.29, plus stronger fiscal 2027 guidance, which has supported investor confidence and renewed buying interest. Cintas Keeps Beating Expectations—And the Story Isn’t Over
• Neutral Sentiment: Some coverage argues the stock may now be reasonably valued after its sharp five-year advance, suggesting upside may depend more on continued earnings execution than multiple expansion. Cintas (CTAS) Stock Looks Reasonable After Its 106% Five Year Run
• Negative Sentiment: Royal Bank of Canada only reaffirmed a Sector Perform rating with a $206 target, implying more limited upside than the most bullish calls and signaling that not all analysts are fully convinced the stock can rerate much higher from here. Benzinga coverage of RBC rating

Cintas Company Profile

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.