Custom Truck One Source’s (CTOS) Buy Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of Custom Truck One Source (NYSE:CTOS) in a research report report published on Tuesday, Marketbeat Ratings reports. They currently have a $13.00 price objective on the stock.

CTOS has been the subject of a number of other reports. Cantor Fitzgerald boosted their price objective on Custom Truck One Source from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Zacks Research raised shares of Custom Truck One Source from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Robert W. Baird lifted their target price on shares of Custom Truck One Source from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Custom Truck One Source in a report on Friday, July 17th. Finally, Oppenheimer boosted their price objective on 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Custom Truck One Source Trading Up 0.6%

NYSE CTOS opened at $9.11 on Tuesday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 101.17 and a beta of 1.35. The business has a 50 day simple moving average of $9.97 and a 200 day simple moving average of $9.16. 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 has a one year low of $5.18 and a one year high of $12.23.

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

Institutional Trading of Custom Truck One Source

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in Custom Truck One Source in the 2nd quarter worth about $28,000. Entropy Technologies LP purchased a new position in shares of Custom Truck One Source during the first quarter valued at approximately $111,000. R Squared Ltd grew its stake in shares of Custom Truck One Source by 14.2% during the first quarter. R Squared Ltd now owns 18,894 shares of the company’s stock valued at $124,000 after buying an additional 2,349 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Custom Truck One Source during the first quarter valued at approximately $125,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Custom Truck One Source by 27.0% in the first quarter. Quantinno Capital Management LP now owns 19,628 shares of the company’s stock worth $129,000 after buying an additional 4,174 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Company Profile

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.