Tonix Pharmaceuticals stock halted ahead of FDA approval news
Investing.com - Truist Securities raised its price target on Cintas (NASDAQ:CTAS) to $255.00 from $240.00 while maintaining a Buy rating on the stock. The stock, currently trading near its 52-week high with a P/E ratio of 50.18, has delivered an impressive YTD return of 23.67%.
The revised target follows a site visit to Cintas’ Middletown, Ohio First Aid Distribution Center, where Truist analysts met with CEO Todd Schneider and other senior executives. This marked the first investor event the company has hosted at a First Aid & Safety (FAS) facility.
Truist indicated the visit reinforced its thesis that Cintas has "a long runway for double-digit organic growth in the First Aid segment" with potential for segment operating margins to expand toward 30% over time from approximately 24% in fiscal year 2025. The company already demonstrates impressive gross profit margins of 50.04% and maintains strong revenue growth of 7.75% over the last twelve months.
The firm cited "increased conviction in CTAS’s growth algorithm" as the primary reason for the price target increase, suggesting stronger confidence in the company’s business model and expansion strategy.
Cintas, known for providing specialized services including uniform rental, first aid supplies, and safety products to businesses, continues to focus on growing its First Aid segment as part of its broader corporate strategy.
In other recent news, Cintas Corporation reported its fourth-quarter fiscal year 2025 earnings, surpassing Wall Street expectations. The company achieved earnings per share of $1.09, exceeding the forecasted $1.07, and reported revenue of $2.67 billion, surpassing predictions of $2.63 billion. Additionally, Cintas announced a 15.4% increase in its quarterly dividend, raising it to $0.45 per share, payable on September 15, 2025. Analyst firms have made adjustments to their stock price targets for Cintas, reflecting its performance. Citi raised its price target to $172, maintaining a Sell rating, while Stifel increased its target to $222 with a Hold rating. These adjustments highlight Cintas’s continued growth, particularly in its First Aid & Safety division and strong performance in the Uniforms segment. Stifel also noted that customer retention rates have reached all-time highs, contributing to the optimistic outlook. These developments underscore Cintas’s strong financial performance and positive market sentiment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.