Custom Truck One Source, Inc. (NYSE:CTOS) Receives $7.13 Consensus PT from Analysts

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $7.25.

Several research firms have weighed in on CTOS. Zacks Research upgraded Custom Truck One Source from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Wednesday, October 8th. Stifel Nicolaus raised their target price on shares of Custom Truck One Source from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Robert W. Baird set a $6.50 price target on shares of Custom Truck One Source in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Custom Truck One Source from $6.00 to $6.50 and gave the company an “underweight” rating in a report on Wednesday.

Custom Truck One Source Trading Up 1.3%

Shares of CTOS stock opened at $6.40 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.22 and a current ratio of 1.27. The stock has a fifty day simple moving average of $6.01 and a two-hundred day simple moving average of $5.95. The firm has a market capitalization of $1.45 billion, a PE ratio of -53.29 and a beta of 1.16. Custom Truck One Source has a 52-week low of $3.18 and a 52-week high of $6.78.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings data on Monday, October 27th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Custom Truck One Source had a negative net margin of 1.26% and a negative return on equity of 5.28%. The business had revenue of $482.06 million during the quarter, compared to analysts’ expectations of $492.12 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Custom Truck One Source’s revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Custom Truck One Source will post -0.21 EPS for the current fiscal year.

Institutional Trading of Custom Truck One Source

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of Custom Truck One Source by 92.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,859 shares of the company’s stock worth $29,000 after acquiring an additional 2,809 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Custom Truck One Source during the second quarter valued at $35,000. Jane Street Group LLC purchased a new stake in Custom Truck One Source during the second quarter valued at $58,000. R Squared Ltd bought a new position in Custom Truck One Source during the second quarter valued at $59,000. Finally, AQR Capital Management LLC purchased a new position in shares of Custom Truck One Source in the 1st quarter worth $63,000. Institutional investors own 90.07% of the company’s stock.

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.