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

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have received an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.1429.

Several research analysts recently issued reports on CTOS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Friday, July 17th. Capital One Financial set a $13.00 price target on Custom Truck One Source in a research report on Tuesday, May 26th. Stifel Nicolaus lifted their price target on Custom Truck One Source from $8.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Oppenheimer reiterated an “outperform” rating and issued a $11.00 price objective on shares of Custom Truck One Source in a report on Friday, May 1st. Finally, Cantor Fitzgerald increased their price objective on Custom Truck One Source from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th.

Custom Truck One Source Trading Down 6.1%

Shares of Custom Truck One Source stock opened at $9.72 on Thursday. 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 $5.18 and a 1 year high of $12.23. The firm has a market cap of $2.20 billion, a PE ratio of -108.02 and a beta of 1.34. The company has a 50 day simple moving average of $10.42 and a two-hundred day simple moving average of $8.40.

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 analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $461.62 million for the quarter, compared to analyst estimates of $452.67 million. Custom Truck One Source had a negative net margin of 0.88% and a negative return on equity of 2.18%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) EPS. Analysts expect that Custom Truck One Source will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC purchased a new position in shares of Custom Truck One Source during the fourth quarter worth approximately $28,000. BNP Paribas Financial Markets boosted its stake 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 valued at $29,000 after purchasing an additional 2,809 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Custom Truck One Source in the 2nd quarter valued at $35,000. Oak Thistle LLC bought a new position in shares of Custom Truck One Source during the 4th quarter valued at $58,000. Finally, Jane Street Group LLC bought a new position in shares of Custom Truck One Source during the 2nd quarter valued at $58,000. 90.07% of the stock is currently owned by 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.