Analysts Set Custom Truck One Source, Inc. (NYSE:CTOS) Target Price at $8.50

Custom Truck One Source, Inc. (NYSE:CTOS) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $8.00.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday. Robert W. Baird lowered their target price on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Friday.

Hedge Funds Weigh In On Custom Truck One Source

Hedge funds and other institutional investors have recently modified their holdings of the business. Canvas Wealth Advisors LLC lifted its position in shares of Custom Truck One Source by 4.8% during the fourth quarter. Canvas Wealth Advisors LLC now owns 3,413,242 shares of the company’s stock valued at $21,299,000 after buying an additional 156,010 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Custom Truck One Source by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,251,103 shares of the company’s stock valued at $20,157,000 after acquiring an additional 52,437 shares during the period. Register Financial Advisors LLC raised its stake in shares of Custom Truck One Source by 602.0% in the fourth quarter. Register Financial Advisors LLC now owns 35,100 shares of the company’s stock worth $217,000 after purchasing an additional 30,100 shares during the last quarter. SG Americas Securities LLC increased its holdings in Custom Truck One Source by 330.2% in the 4th quarter. SG Americas Securities LLC now owns 84,169 shares of the company’s stock worth $520,000 after buying an additional 64,606 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Custom Truck One Source in the 3rd quarter valued at $31,000. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Trading Down 14.9 %

Custom Truck One Source stock opened at $4.17 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. Custom Truck One Source has a 12-month low of $3.61 and a 12-month high of $7.53. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 0.79 and a beta of 0.69. The firm has a 50 day moving average of $5.59 and a 200 day moving average of $5.94.

Custom Truck One Source (NYSE:CTOS) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Custom Truck One Source had a net margin of 1.24% and a return on equity of 2.46%. The business had revenue of $411.31 million for the quarter, compared to the consensus estimate of $455.98 million. During the same period in the prior year, the business earned $0.06 earnings per share. Custom Truck One Source’s revenue was down 9.0% compared to the same quarter last year. As a group, research analysts predict that Custom Truck One Source will post 0.27 earnings per share for the current year.

About Custom Truck One Source

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).