Custom Truck One Source, Inc. (NYSE:CTOS) Receives Consensus Rating of “Hold” from Analysts

Custom Truck One Source, Inc. (NYSE:CTOS) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat reports. Two equities research 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 12-month price objective among brokerages that have covered the stock in the last year is $9.3333.

Several analysts recently commented on the company. Cantor Fitzgerald assumed coverage on Custom Truck One Source in a research report on Tuesday, April 21st. They set an “overweight” rating and a $11.00 price target for the company. DA Davidson reiterated a “buy” rating and set a $8.50 price target on shares of Custom Truck One Source in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Monday, April 20th. Oppenheimer reiterated an “outperform” rating and set a $11.00 price target on shares of Custom Truck One Source in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on Custom Truck One Source from $6.00 to $8.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th.

Custom Truck One Source Trading Down 2.6%

Shares of CTOS stock opened at $9.83 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.30 and a quick ratio of 0.25. Custom Truck One Source has a 1-year low of $4.19 and a 1-year high of $10.22. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -109.17 and a beta of 1.40. The stock has a 50 day simple moving average of $7.58 and a 200-day simple moving average of $6.76.

Custom Truck One Source (NYSE:CTOS) last issued its quarterly earnings results on Monday, April 27th. The company reported ($0.02) EPS for the quarter, topping 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 firm had revenue of $461.62 million during the quarter, compared to analysts’ expectations of $452.67 million. During the same period in the previous year, the business earned ($0.08) earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Custom Truck One Source will post 0.11 EPS for the current fiscal year.

Institutional Trading of Custom Truck One Source

Several large investors have recently made changes to their positions in the company. Canvas Wealth Advisors LLC grew its holdings in Custom Truck One Source by 48.5% in the 4th quarter. Canvas Wealth Advisors LLC now owns 7,050,221 shares of the company’s stock valued at $40,609,000 after buying an additional 2,303,504 shares in the last quarter. M&T Bank Corp grew its holdings in Custom Truck One Source by 3,477.5% in the 4th quarter. M&T Bank Corp now owns 938,098 shares of the company’s stock valued at $5,403,000 after buying an additional 911,876 shares in the last quarter. First Trust Advisors LP grew its holdings in Custom Truck One Source by 221.9% in the 4th quarter. First Trust Advisors LP now owns 1,222,875 shares of the company’s stock valued at $7,044,000 after buying an additional 842,964 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Custom Truck One Source by 42.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,500,229 shares of the company’s stock valued at $14,401,000 after buying an additional 750,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Custom Truck One Source by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock valued at $36,806,000 after buying an additional 741,857 shares in the last quarter. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

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.