Custom Truck One Source, Inc. (NYSE:CTOS) Receives Average Recommendation of “Moderate Buy” from Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.3571.

Several equities analysts have recently issued reports on the company. Zacks Research raised Custom Truck One Source from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Stifel Nicolaus raised their target price on Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Robert W. Baird boosted their price target on shares of Custom Truck One Source from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. DA Davidson restated a “buy” rating and set a $8.50 price objective on shares of Custom Truck One Source in a report on Tuesday, April 28th. Finally, Oppenheimer lifted their price objective on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th.

Custom Truck One Source Stock Up 0.2%

CTOS opened at $9.79 on Monday. Custom Truck One Source has a fifty-two week low of $5.18 and a fifty-two week high of $12.23. The firm has a market capitalization of $2.23 billion, a P/E ratio of 108.78 and a beta of 1.38. The company’s 50-day moving average is $10.60 and its 200 day moving average is $8.89. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.34 and a quick ratio of 0.29.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $563.45 million during the quarter, compared to the consensus estimate of $509.76 million. Custom Truck One Source had a net margin of 1.05% and a return on equity of 2.66%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) EPS. Research analysts expect that Custom Truck One Source will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Custom Truck One Source

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

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.