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

Custom Truck One Source, Inc. (NYSE:CTOS) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.1429.

CTOS has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target 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. Oppenheimer restated an “outperform” rating and set a $11.00 price objective on shares of Custom Truck One Source in a report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Monday, April 20th. DA Davidson reiterated a “buy” rating and issued a $8.50 target price on shares of Custom Truck One Source in a research note on Tuesday, April 28th. Finally, Capital One Financial set a $13.00 target price on Custom Truck One Source in a research report on Tuesday, May 26th.

Custom Truck One Source Stock Performance

Shares of NYSE CTOS opened at $10.06 on Friday. The company has a market cap of $2.28 billion, a PE ratio of -111.73 and a beta of 1.34. Custom Truck One Source has a 12 month low of $4.97 and a 12 month high of $12.23. 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 company has a 50-day simple moving average of $10.13 and a 200-day simple moving average of $7.83.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings data on Monday, April 27th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. 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 posted ($0.08) earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Custom Truck One Source will post 0.11 earnings per share for the current year.

Institutional Trading of Custom Truck One Source

Several institutional investors have recently made changes to their positions in CTOS. Parallel Advisors LLC acquired a new stake in shares of Custom Truck One Source during the 4th quarter worth $28,000. BNP Paribas Financial Markets grew its position in Custom Truck One Source by 92.1% during the second quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock valued at $29,000 after acquiring an additional 2,809 shares during the period. Quantbot Technologies LP acquired a new stake in Custom Truck One Source during the second quarter worth about $35,000. Oak Thistle LLC purchased a new position in shares of Custom Truck One Source in the 4th quarter worth about $58,000. Finally, Jane Street Group LLC acquired a new position in shares of Custom Truck One Source in the 2nd quarter valued at about $58,000. 90.07% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Company Profile

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.