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

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.1429.

A number of brokerages have weighed in on CTOS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research note on Monday, April 20th. Cantor Fitzgerald upped their target price 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. JPMorgan Chase & Co. lifted their price target on shares of Custom Truck One Source from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Oppenheimer restated an “outperform” rating and set a $11.00 target price on shares of Custom Truck One Source in a research note on Friday, May 1st. Finally, DA Davidson reissued a “buy” rating and set a $8.50 price objective on shares of Custom Truck One Source in a report on Tuesday, April 28th.

Custom Truck One Source Stock Performance

CTOS stock opened at $10.26 on Friday. The company has a 50 day moving average price of $10.21 and a 200 day moving average price of $7.95. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.30 and a quick ratio of 0.25. The stock has a market capitalization of $2.33 billion, a PE ratio of -114.01 and a beta of 1.34. Custom Truck One Source has a fifty-two week low of $5.09 and a fifty-two week high of $12.23.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings data on Monday, April 27th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.03. The firm had revenue of $461.62 million during the quarter, compared to analysts’ expectations of $452.67 million. Custom Truck One Source had a negative return on equity of 2.18% and a negative net margin of 0.88%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. Analysts forecast that Custom Truck One Source will post 0.11 EPS for the current year.

Institutional Trading of Custom Truck One Source

Hedge funds have recently added to or reduced their stakes in the stock. Canvas Wealth Advisors LLC lifted its position in shares of Custom Truck One Source by 48.5% during the fourth quarter. Canvas Wealth Advisors LLC now owns 7,050,221 shares of the company’s stock worth $40,609,000 after acquiring an additional 2,303,504 shares in the last quarter. M&T Bank Corp boosted its holdings in Custom Truck One Source by 3,477.5% in the 4th quarter. M&T Bank Corp now owns 938,098 shares of the company’s stock valued at $5,403,000 after purchasing an additional 911,876 shares during the period. First Trust Advisors LP grew its position in Custom Truck One Source by 221.9% during the fourth quarter. First Trust Advisors LP now owns 1,222,875 shares of the company’s stock worth $7,044,000 after buying an additional 842,964 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Custom Truck One Source by 42.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,500,229 shares of the company’s stock worth $14,401,000 after purchasing an additional 750,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Custom Truck One Source by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock worth $36,806,000 after buying an additional 741,857 shares in the last quarter. 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.