Custom Truck One Source, Inc. (NYSE:CTOS) Given Consensus Recommendation of “Hold” by Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $10.1429.

CTOS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, April 29th. Capital One Financial set a $13.00 target price on Custom Truck One Source in a research report on Tuesday, May 26th. Oppenheimer reissued an “outperform” rating and set a $11.00 target price on shares of Custom Truck One Source in a research note on Friday, May 1st. Cantor Fitzgerald raised their price target on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Monday, April 20th.

Custom Truck One Source Stock Performance

Custom Truck One Source stock opened at $10.69 on Wednesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.30 and a quick ratio of 0.25. The firm has a market capitalization of $2.42 billion, a P/E ratio of -118.72 and a beta of 1.37. Custom Truck One Source has a 1-year low of $4.60 and a 1-year high of $10.94. The company’s 50-day moving average is $8.97 and its 200 day moving average is $7.33.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results on Monday, April 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. Custom Truck One Source had a negative return on equity of 2.18% and a negative net margin of 0.88%.The business had revenue of $461.62 million during the quarter, compared to analyst estimates of $452.67 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Research analysts forecast that Custom Truck One Source will post 0.11 EPS for the current year.

Institutional Trading of Custom Truck One Source

A number of large investors have recently modified their holdings of CTOS. Parallel Advisors LLC purchased a new position in Custom Truck One Source during the 4th quarter worth $28,000. BNP Paribas Financial Markets lifted its holdings in shares of Custom Truck One Source by 92.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock worth $29,000 after buying an additional 2,809 shares during the period. Quantbot Technologies LP bought a new position in shares of Custom Truck One Source during the 2nd quarter worth $35,000. Oak Thistle LLC bought a new position in shares of Custom Truck One Source during the 4th quarter worth $58,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Custom Truck One Source during the fourth quarter valued at $67,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

About Custom Truck One Source

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.