Custom Truck One Source, Inc. (NYSE:CTOS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $12.00.

A number of analysts have recently commented on CTOS shares. DA Davidson restated a “buy” rating and issued a $13.00 price objective on shares of Custom Truck One Source in a research report on Tuesday. Robert W. Baird increased their target price on Custom Truck One Source from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Oppenheimer boosted their price target on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Friday, July 17th. Finally, Cantor Fitzgerald increased their price objective on shares of Custom Truck One Source from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, August 17th.

Custom Truck One Source Trading Up 0.6%

Shares of Custom Truck One Source stock opened at $9.11 on Friday. Custom Truck One Source has a 1 year low of $5.18 and a 1 year high of $12.23. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.34 and a quick ratio of 0.29. The stock has a market cap of $2.07 billion, a PE ratio of 101.17 and a beta of 1.35. The firm has a fifty day moving average price of $9.97 and a 200 day moving average price of $9.16.

Custom Truck One Source (NYSE:CTOS) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $563.45 million for the quarter, compared to analyst estimates 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 revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.13) earnings per share. Equities research analysts predict that Custom Truck One Source will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new stake in Custom Truck One Source during the 2nd quarter worth approximately $987,000. Integrated Wealth Concepts LLC purchased a new position in shares of Custom Truck One Source in the second quarter valued at approximately $28,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Custom Truck One Source in the second quarter worth approximately $791,000. Bank of New York Mellon Corp acquired a new stake in shares of Custom Truck One Source in the second quarter worth approximately $1,842,000. Finally, Empowered Funds LLC increased its position in shares of Custom Truck One Source by 9.9% during the first quarter. Empowered Funds LLC now owns 810,115 shares of the company’s stock worth $5,322,000 after purchasing an additional 72,935 shares in the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

About Custom Truck One Source

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, infrastructure, construction and forestry industries. The company offers equipment for sale, rental and lease, along with parts, maintenance, repair, transportation and other support services intended to help customers acquire and operate specialized fleet assets.

Its product portfolio includes new and used truck-mounted equipment, utility vehicles, cranes, aerial devices, digger derricks, rail equipment, trailers and other specialty vehicles.